Indian Bank revises Base Rate to 9% & BPLR to 13.25%

Indian Bank has announced that the Bank has revised its Base Rate from 8.50% p.a. to 9.00% p.a. and the Bench Mark Prime Lending Rate (BPLR) from 13.00% p.a. to 13.25% p.a. with effect from December 13, 2010.

The stock closed the day at Rs.260, up by Rs.7.65 or 3.03%. The stock hit an intraday high of Rs.261 and low of Rs.251.05.

The total traded quantity was 0.30 lakhs compared to 2 week average of 0.88 lakhs.

Source : Equity Bulls

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