IFCI cuts lending rate by 0.3% to 11.7%
Infrastructure term-lender IFCI Ltd announced a 0.30 percentage point cut in its lending rate to 11.70 percent.
“The company has reduced its benchmark rate from 12 percent per annum to 11.7 percent with monthly rests”, IFCI said in a regulatory filing. The new rate shall be applicable from January 18, 2016, it added.
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