June 08, 2015 11:26 pm | Updated November 16, 2021 06:25 pm IST - NEW DELHI:
Federal Bank on Monday cut the base rate, or the minimum lending rate, by 0.25 per cent to 9.95 per cent.
The new rates will be effective from June 18, 2015, the bank said in a filing to the BSE. Soon after RBI’s second bi-monthly policy review for 2015-16 on June 2, a number of banks, including largest public sector lender SBI, have cut the minimum lending rates.
Also read: >Federal Bank CEO Shyam Srinivasan's interview to The Hindu
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