LATEST LENDING RATES

Union Bank of India reduced its Benchmark Prime Lending Rate (BPLR) by 50 basis points to 12 per cent from 12.5 per cent with effect from 1st April 2009.
Bank of Baroda cut its benchmark prime lending rate by 50 basis points to 12 per cent from 12.5 percent with effect from. 1st April 2009.

Bank of India has cut its prime lending rate by 50 basis points to 12 per cent from 12.5 percent with effect from 1st April 2009.
 
Punjab National Bank cut its PLR by 50 basis points from 12% to 11.50%. The reduced rates would come into effect from 1st February 2009.
Uco Bank cut its PLR by 50 basis points to 12.50 per cent from 13 per cent with effect from 1st March 2009.
Central Bank of India cut its lending rates by 0.75 per cent to 12.5 percent with effect from 12th January, 2009.
Canara Bank has taken an in-principle decision to cut its BPLR by 75 basis points to 12.5 per cent with effect from 1st January, 2009.
Corporation Bank cut its prime lending rate by 75 basis points to 12.50 percent from 13.25 percent, with effect from 1st January, 2009.

IDBI Bank has reduced its benchmark prime lending rate (BPLR) by 0.75 per cent to 13.50 per cent. The change takes effect from 8th November, 2008 .
Indian Overseas Bank cut its benchmark prime lending rate by 75 basis points to 13.25 percent, with effect from 6th November, 2008.

Syndicate Bank also revised its benchmark prime lending rate by 75 bps to 13.25% from 4th November 2008.
Oriental Bank of Commerce cut its benchmark prime lending rate by 75 basis points to 13.25 percent with effect from 6th November 2008.
Andhra Bank, reduced its benchmark prime lending rate (BPLR) by 0.75% to 13.25% with effect from 10th November, 2008.
United Bank of India also reduced its PLR by 50 bps to 13.50 per cent with effect from 10th November, 2008.
 
PRIVATE SECTOR BANKS


HDFC Bank has reduced its BPLR by 50 basis points to 16 per cent, effective 1st January 2009.

Yes Bank has reduced its prime lending rate by 0.50 per cent which accordingly stands reduced to 16.5 per cent from the earlier 17 per cent.

ICICI bank has cut its lending rates by 0.5 percentage point to 16.75 per cent from 17.25 per cent with effect from 31st December 2008.

OTHERS

Among foreign banks, Citibank lowered its benchmark lending rates by 50 bps to 15% with effect from 6th November, 2008.

Housing Development Finance Corporation (HDFC), the country's premier home loan provider reduced Retail Prime Lending Rate (RPLR) by 0.5 percentage point to 14 per cent from 14.5 per cent with effect from 25th March 2009.