IDBI slashes lending rates by 40 bps to 9.30 per cent for 3 years Industry-The Economic Times — December 30, 2016 comments off In the past, banks have lowered rates by just 5 bps to 10 bps. This is the first time a bank announced a sharp cut of 40 bps in one go.
In the past, banks have lowered rates by just 5 bps to 10 bps. This is the first time a bank announced a sharp cut of 40 bps in one go.