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 Money & Banking - Interest Rates
Yes Bank to cut rates by 50 bps

Coimbatore, Dec 6

Yes Bank has decided to cut its PLR by 50 basis points to 16.50 per cent from December 8. Mr Rajat Monga, President, Financial Markets and CFO, Yes Bank, said the time was appropriate and the environment conducive to translate the monetary policy signals into lowering its lending rates to customers. The bank has preferred to retain the one to two year fixed deposit rate at the prevailing 10.75 per cent/annum. –

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