The Hindu : Business / Briefly : Andhra Bank revises prime lending rate

Online edition of India's National Newspaper
Tuesday, Feb 20, 2007
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Business

Business - Briefly

Andhra Bank revises prime lending rate

HYDERABAD : Andhra Bank revised its benchmark prime lending rate from 11.75 per cent to 12.25 per cent with effect from February 16. The upward revision would not apply to education loans, according to Mathew Joseph, Assistant General Manager. While there would be no change in the interest rates in respect of existing housing loans, the increase would be applicable to new housing loans of above Rs. 15 lakh sanctioned after February 16, says a release.

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