Financial Daily
from THE HINDU group of publications
Tuesday, September 19, 2000
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Financial Daily from THE HINDU group of publications Tuesday, September 19, 2000 |
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IDBI raises lending rate
Our Bureau
MUMBAI, Sept. 18
IDBI has raised its minimum term lending rate (MTLR) by 0.50 percentage point to 13 per cent, effective September 18. However, the minimum short-term lending rates (MSTLR) have been kept unchanged at 12.5 per cent.
In a statement issued today, IDBI said, ``Interest rates on individual loans would be fixed within a band of 3.5 per cent over MTLR and MSTLR depending on the risk perception, tenure and purpose of the loans.''
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