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Thursday, December 3, 2009
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Corporate
L&T Infrastructure Finance to cut PLR by 0.5%

MUMBAI: L&T Infrastructure Finance Company Ltd, a wholly owned subsidiary of engineering and construction major Larsen & Toubro Ltd, has decided to cut prime lending rate by another 0.5 per cent from 14 per cent to 13.5 per cent per annum with effect fro m December 2009.

According to BSE announcement, the rate shall be applicable in respect of both existing loans and new disbursals, in accordance with relevant clause pertaining to L&T Infra PLR-linked interest rates. — Our Bureau

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