The Hindu Business Line : Dena Bank cuts PLR by 25 bps

Mumbai, Feb. 28 Dena Bank will reduce its benchmark prime lending rate by 25 basis points from 13.25 per cent to 13.0 per cent, with effect from March 3, said a press release from the bank.

This will bring down the interest rates on the bank’s existing and new floating home loans and other personal loans.

The revised BPLR will also push demand for credit from other productive sectors, said the press release.

Other public sector banks which have cut BPLR include State Bank of India, Punjab National Bank, Bank of India, Union Bank of India and Canara Bank.

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