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DCB Bank has reduced its base rate or minimum lending rate by 0.15 percent to 10.70 percent.
The bank also has revised downwards its benchmark prime lending rate (BPLR) by a similar margin to 17.95 percent.
It said in a regulatory filing that “DCB Bank revised its base rate to 10.70 percent per annum from the earlier base rate of 10.85 percent per annum and BPLR to 17.95 percent from 18.10 percent per annum”.
According to bank, the revised rates will be applicable with effect from today itself.
