Punjab & Sind Bank said the bank has reduced its base rate by 25 bps from existing 10.25% p.a. to 10% p.a. The bank has also reduced benchmark prime lending rate (BPLR) by 25 bps from existing 15.25% p.a. to 15.00% p.a. effective from Jun. 3, 2015.
Banks have started announcing reduction in their lending rates after the RBI Governor Raghuram Rajan said the banks should pass through the sequence of rate cuts into lending ra... More..