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Private sector lender Federal Bank today reduced its base rate by 25 basis points to 10.20 per cent.
The revised rates will be effective from today.
"It will benefit all customer segments of the bank including retail, SME and large corporates as the rates will come down by 25 bps for all customers with loans at rates linked to base rate, the bank said in a statement.
The Kerala-based bank has reduced the interest rates on car and home loan for good rated retail borrowers to 10.20 per cent from 10.45 per cent.
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