rediff.com
rediff.com
Business Find/Feedback/Site Index
      HOME | BUSINESS | REPORT
February 8, 2000

NEWSLINKS
Y2K BIZ FEATURES
INDIA & THE W.T.O.
NEW GOVERNMENT
SPECIALS
INTERVIEWS
COMMENTARY
CREDIT POLICY
BUDGET 1999-2000
USEFUL INFO
ARCHIVES
SEARCH REDIFF


IDBI Bank lowers PLR by 0.5 per cent

Email this report to a friend

Having regard to the downward movement in the interest rates both on deposits and loans, following reduction in interest ates on public provident fund, the IDBI Bank has dropped its prime lending rate for cash credits by 0.5 per cent with effect from February 1.

The bank's PLR structure is: for working capital advances 14 per cent per annum, for short term loans upto 180 days 11 per cent per annum, and for term loans 14.5 percent per annum.

Information You Can Use

Business

Tell us what you think of this report
HOME | NEWS | BUSINESS | MONEY | SPORTS | MOVIES | CHAT | INFOTECH | TRAVEL
SINGLES | NEWSLINKS | BOOK SHOP | MUSIC SHOP | GIFT SHOP | HOTEL BOOKINGS
AIR/RAIL | WEATHER | MILLENNIUM | BROADBAND | E-CARDS | EDUCATION
HOMEPAGES | FREE EMAIL | CONTESTS | FEEDBACK