UNI
MUMBAI, DEC 29
Dena Bank today announced a 0.75 per cent reduction in its benchmark Prime Lending Rates (PLR) with the new rate being 12.75 per cent effective from January one.
The Bank, in a release here, said its deposit rates had also been reduced by 25 to 100 basis points on different maturities from the same date.
The Bank had earlier reduced the lending rate for new housing loans upto Rs five lakhs at 8.5 per cent and 9.25 per cent for new housing loans above Rs five lakhs and upto Rs 20 lakhs. The concessional rates came into effect from December 16 and would be in vogue till June 30 as per the agreement arrived at by all Public Sector Unit Banks.
The Bank had also cut rates on existing and new loans of micro enterprises by one per cent and that of small and medium enterprises enjoying fund-based limits upto Rs ten core by 0.5 per cent on Decemebr 16.
