Comments
Development Credit Bank (DCB) has announced a cut in its base rate (or the minimum lending rate) by 15 basis points from 10.85 per cent to 10.7 per cent.
The private sector bank also pared its erstwhile benchmark lending rate or the benchmark prime lending rate by 15 basis points from 18.10 per cent to 17.95 per cent.
Both the rate cuts are effective December 14.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.