Yes Bank cuts base rate by 25 bps to 10.25%
Source: IRIS | 01 Oct, 2015, 12.17PM
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 Yes Bank, India's largest private sector bank, has cut its base rate by 25 basis points (bps) from 10.50% p.a. to 10.25% p.a. The revised rate will be effective from Oct. 5, 2015.
 The bank announced reduction in base rate after the RBI reduced key interest rates by 50 basis points.
Now revised repo and reverse repo rate stood at 6.75% and 5.75% respectively compared with 7.25% and 6.25% earlier. Shares of the bank declined Rs 4.7, or 0.64%, to trade at Rs 724.90. The total volume of shares traded was 247,167 at the BSE (12.13 p.m., Thursday).
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