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20 September, 2014 09:24 IST
News
Citibank cuts base rate by 25 bps to 9.50%
Source: IRIS (04-FEB-13)
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Citi cut its base rate by 25 basis points to 9.50% effective Jan. 10, 2013, driven by easing of market liquidity conditions reflected in lower deposit rates.

''The decision to reduce our base rate, ahead of the repo rate cut at the Jan 29, 2013 policy review, demonstrates our commitment to our customers on transparency and rate transmission, as well as in our belief that the macro-economic indicators pointed towards a bottoming of rates,'' said Citi Spokesperson.


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