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Andhra, BOI, Canara, CBI, Indian, IOB, OBC, P&SB, Union and federal Bank slashed Base rates/ BPLRs in May 2012

Following the reduction in Key Policy Rates or Repo Rate by 50 BPS by RBI, in its Annual Monetary Policy 2012-13 on 17th April 2012, the undernoted banks have revised their Base Rates, BPLRs downwards recently in May , 2012.

Sr. No. Name of the Bank Base Rate BPLR Effective
Existing Revised Existing Revised Date
1 Andhra Bank 10.75% 10.50% 15.00% 14.75% 01/05/2012
2 Bank of India 10.75% 10.50% 15.00% 14.75% 01/05/2012
3 Canara Bank 10.75% 10.50% 15.00% 14.75% 01/05/2012
4 Central Bank of India 10.75% 10.50% - - 01/05/2012
5 Indian Bank 10.75% 10.50% 15.00% 14.75% 01/05/2012
6 Indian Overseas Bank 10.75% 10.50% - - 01/05/2012
7 Oriental Bank of Commerce 10.65% 10.50% 15.00% 14.75% 14/05/2012
8 Punjab & Sind Bank 10.75% 10.50% - - 01/05/2012
9 Union Bank of India 10.65% 10.50% - - 01/05/2012
10 Federal Bank 10.65% 10.45% - - 02/05/2012

To Know about the Base Rate system Click on What is a Base Rate?
For Comparison of updated Base Rate/ BPLRs Click on Comparison of Base Rates, BPLRs of Banks

Filed in: Banking & Finance, Base Rate Tags: , , , , , , , , , , , , , , , , , , , , ,

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