Monday, August 8, 2011

VIJAYA BANK HAS ANNOUNCED REVISION OF THEIR BASE RATE BY 40 BASIS POINTS

VIJAYA BANK HAS ANNOUNCED REVISION OF THEIR BASE RATE BY 40 BASIS POINTS AND BENCHMARK PRIME LENDING RATE BY 50 BASIS POINTS WITH EFFECT FROM 01ST AUGUST 2011.

ACCORDINGLY THE BASE RATE STANDS REVISED FROM 10. 25% P.A TO 10.65% P.A AND BPLR STANDS

REVISED FROM 14.50% P.A TO 15.00 % P.A

BANK HAS HOWEVER SPARED CERTAIN SECTORS LIKE HOME LOANS AND MICRO ENTERPRISES FROM

HIKE WHILE EXTENDING SOME CONCESSIONS TO THE SMALL ENTERPRISES SECTOR