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Lending rate cut

BANGALORE: State Bank of Mysore has reduced its Benchmark Prime Lending Rate (BPLR) by 75 basis points to 13.5 per cent, a release from the bank said. The reduction is effective from November 10. The bank has fixed an interest rate of 10.75 per cent per annum for deposits of 180 days by senior citizens and 10.25 per cent for others with effect from November 7. — Staff Reporter

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