Andhra Bank cuts base rate by 25 bps

Andhra Bank cuts base rate by 25 bps. Public sector lender Andhra Bank has made a downward revision of the base rate by 25 basis points.

Effective March 1, the rate will be 10.25 per cent, down from 10.5 per cent, according to a press release.

The bank has also made a downward revision of Bench Mark Prime Lending Rate (BMPLR) by 25 bps. The new rate will be 14.50 per cent, down from 14.75 per cent.

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