Comments
Tamilnad Mercantile Bank has decided to reduce its base rate by 15 basis points to 10.60 per cent (10.75) from June 1.
The reduction in the base rate would not only be applicable to future customers but the existing ones as well, provided they have availed finance support from the bank on floating rate basis, the bank said in a release
MSME and corporate customers too would benefit from this rate cut, the note said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.