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This is an archive article published on June 30, 2011

IOB raises base rate to 10.25%

Indian Overseas Bank has raised its base rate from 10 per cent to 10.25 per cent.

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Public sector Indian Overseas Bank has raised its base rate from 10 per cent to 10.25 per cent with effect from Friday.

The city-headquartered company also raised the Bench Mark Prime Lending rate from 14.25 per cent to 14.50 per cent with effect from July one,2011,a bank statement here said.

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