Bank of Baroda reduces Deposit and Lending rates

MUMBAI, Apr 21: Public sector lender, Bank of Baroda has decided to reduce the Benchmark Prime Lending Rate (BPLR) and Base
Rate by 25 basis points each to 14.75 per cent and 10.50 per cent respectively, with effect from May 1.
The Bank has also decided to reduce its Deposit Rates by 25 to 50 basis points in various maturities with effect from May 1, 2012
a release said.
The bank has taken this step in response to the RBI’s move to cut the policy rate by 50 basis points in its Annual Monetary Policy.