• SENSEX
    NIFTY 50
Market

Bandhan Bank slashes microloan interest rate by 70 bps, shares up 2.5%

Updated : June 18, 2019 10:28 AM IST

Bandhan Bank shares were up more than 2 percent in early trade on Tuesday, a day after the lender said it would reduce its microloan interest rate by 70 basis points (bps) to 17.95 percent, which would be applicable to new disbursements from June 18.
"This reduction would bring down the effective interest rate on microloans to 17.95 percent from the current 18.65 percent," the lender said in a statement.
Bandhan Bank slashes microloan interest rate by 70 bps, shares up 2.5%
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV