Boi Base Rate Cut
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Bank of India Cuts Benchmark Lending Rate By 0.1%
Bank of India has reduced its marginal cost of funds based lending rate (MCLR) by 10 basis points to 8.40 per cent, from 8.50 per cent, effective May 7.
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Bank of India Cuts Base Rate by 25 Basis Points to 9.70%
The RBI on Tuesday cut the benchmark repurchase (repo) rate from 7.25 per cent to 6.75 per cent, lowest in four-and-half-years.
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Base rate cut not to crimp margins: Bank of India
In spite of a 0.25 per cent cut in the base rate, state-run Bank of India (BoI) is confident of meeting its net interest margin (NIM) targets as it expects a pick-up in credit and some benefit accruing from a fall in cost of funds, a top official has said.
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Bank of India cuts lending rate by 0.25%, first to follow Chidambaram's advice
Hours after Finance Minister P Chidambaram prodded public sector banks to reduce lending rates, Bank of India announced a cut of 0.25 per cent in base rate to 10 per cent.
-
Bank of India Cuts Benchmark Lending Rate By 0.1%
Bank of India has reduced its marginal cost of funds based lending rate (MCLR) by 10 basis points to 8.40 per cent, from 8.50 per cent, effective May 7.
-
Bank of India Cuts Base Rate by 25 Basis Points to 9.70%
The RBI on Tuesday cut the benchmark repurchase (repo) rate from 7.25 per cent to 6.75 per cent, lowest in four-and-half-years.
-
Base rate cut not to crimp margins: Bank of India
In spite of a 0.25 per cent cut in the base rate, state-run Bank of India (BoI) is confident of meeting its net interest margin (NIM) targets as it expects a pick-up in credit and some benefit accruing from a fall in cost of funds, a top official has said.
-
Bank of India cuts lending rate by 0.25%, first to follow Chidambaram's advice
Hours after Finance Minister P Chidambaram prodded public sector banks to reduce lending rates, Bank of India announced a cut of 0.25 per cent in base rate to 10 per cent.
