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IDBI Bank Reduces Housing loan by 75 basis points

• Author: admin
• Filed under: Bank, Interest Rates
• Date: Nov 10,2008

IDBI Bank Ltd informed the market that they have brought down the Benchmark Prime Lending Rate or (BPLR) by 75 basis points (bps) to 13.50% p.a. which is from November 08, 2008.

So its kind of already in effect now .They said this 75 basis point or .75 percent cut is for Basic home loan and also educational loan.

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