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Bank of Maharastra reduces base rate by 0.1%

February 21, 2012 by gunapriya_ifb

Bank of Maharastra has reduced base rate by 0.1% to 10.6% on a monthly compounding basis with effect from February 21,2012.

The present change would decrease the loan rates which are linked to base rate by 0.1%. The benchmark Prime Lending Rate would continue to remain at 15% on a monthly compounding basis.

The shares of Bank of Maharastra were up 0.53% to Rs.57.10 per share in the Mumbai market

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