Public sector Indian Bank today cut its base rate by 0.30 per cent to 9.65 per cent, effective October 7.
Indian Bank has reduced its base rate or minimum lending rate by 30 basis points to 9.65 per cent, the Chennai-based bank said in a statement.
Following the reduction in the policy rate by the Reserve Bank last week, the Asset-Liability Committee (ALCO) of the bank decided to pass on the reduction to the customers, it added.