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Andhra Bank cuts PLR by 0.75 pc

Our Bureau

HYDERABAD: Andhra Bank has slashed its prime lending rates across the board by 75 basis points. The reduction comes into effect from Wednesday.

In a press release here, the Andhra Bank General Manager, Mr A.L. Nageswara Rao, said as against the current short-term prime lending rate of 10.5 per cent, the bank would charge 9.75 per cent.

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