Money & Banking

YES Bank cuts base rate by 25 bps to 10.5%

Our Bureau Mumbai | Updated on January 24, 2018

YES_BANK   -  Business Line

Following a policy rate cut by RBI earlier this month, Yes Bank followed other major banks to reduce its base rate by 25 basis points from 10.75 per cent to 10.50 per cent p. a.

The revised rates will be effective from June 22, 2015.

The reduction is a consequence of the recent term deposit rate cuts of up to 25 basis points carried out by the Bank across various tenors which were made effective from June 17, 2015,” the mid-sized private lender said in a statement.

On Tuesday, HDFC Bank cut its base rate by 15 bps to 9.7 per cent, now at par with country’s largest bank State Bank of India.

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Published on June 18, 2015
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