Thu, 31 Jan 2013 16:48:58 GMT | By Reuters

PNB cuts base rate by 25 basis points

The state run bank has it will cut its base rate by 25 basis points to 10.25 percent from February 9


PNB cuts base rate by 25 basis points (© Reuters)

New Delhi: State-run lender Punjab National Bank on Thursday said it would cut its base rate by 25 basis points to 10.25 percent from February 9.

Earlier this week, the Reserve Bank of India cut the repo rate by 25 basis points to help support an economy set to post its slowest annual growth rate in a decade.
On Wednesday, the State Bank of India cut its base rate by 5 basis points.

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