Andhra Bank reduces prime lending rate by 0.75%

Andhra Bank reduces prime lending rate by 0.75%

PTI

Hyderabad: State-run Andhra Bank today reduced its benchmark prime lending rate (BPLR) by 0.75% to 13.25% with immediate effect.

The rate-cut will benefit all PLR-related portfolios including home, education and vehicle loans, the bank said in a statement.

The bank is likely to take a call on its deposit rates in the near term, it said.

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