Karnataka Bank cuts lending rate by 0.25 percent

Karnataka Bank yesterday reduced base rate, by 0.25 percent to 10.75 .“The Bank's base rate now stands reduced to 10.75 percent from the earlier 11 percent," it said in a filing to the BSE.It also reduced rate of interest on deposits by 0.25 percent. With the reduction in base rate, all loans linked to the base rate would be cheaper by 25 basis points (0.25
percent).