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The Lakhsmi Vilas Bank has reduced its minimum lending rate by 0.15 percent to 10.55 percent with effect from February 8, 2016.
The bank has said in a statement that “Lakshmi Vilas Bank announced reduction in the base rate from the earlier 10.70 percent per annum to 10.55 percent per annum. The revised rate is effective from February 8, 2016.”
It further said that the reduction is applicable to the existing as well as future loans.
