Andhra Bank cuts base rate by 25 bps

M. Somasekhar Updated - March 12, 2018 at 04:08 PM.

Andhra Bank has made a downward revision of the base rate by 25 basis points.

Effective March 1, the rate will be 10.25 per cent, down from 10.5 per cent, according to a press release.

The bank has also made a downward revision of BMPLR by 25 bps. The new rate will be 14.50 per cent, down from 14.75 per cent.

Somasekhar.m@thehindu.co.in

Published on February 26, 2013 09:14