Indian Overseas Bank increases BPLR to 13.75%
Indian Overseas Bank has announced that the Board of Directors has by a Circular Resolution dated February 05, 2011 approved the increase of the Benchmark Prime Lending Rate (BPLR) of the Bank by 50 basis points from existing 13.25% p.a. to 13.75% p.a. with effect from February 05, 2011.
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