Yes Bank cuts base lending rate by 25 bps to 10.5%
New Delhi: Yes Bank, India’s fifth largest private sector lender, today cut its base lending rate by 25 basis points to 10.50 per cent.
Base rate has been cut from 10.75 per cent to 10.50 per cent, Yes Bank said in a regulatory filing to the stock exchanges.
“The revised rates will be effective from June 22, 2015,” it said.
The reduction, the bank said, was a consequence of the recent term deposit rate cuts of up to 25 basis points it had carried out across various tenors that were made effective from June 17, 2015.