Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
22 December, 2014 20:19 IST
Citibank cuts base rate by 25 bps to 9.50%
Source: IRIS | 04 Feb, 2013, 06.16PM
Comments  |  Post Comment

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.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
SKS Microfinance issues commercial papers for Rs 250 mn - 22-Dec-2014 18:52
Investment opportunities by HBJ Capital - 22-Dec-2014 18:38
Sasken Communication allots shares under ESOP - 22-Dec-2014 18:25
Jet Airways closes 5 year syndicated loan of USD 150 mn in Middle East - 22-Dec-2014 18:13
Alstom to sell energy business to General Electric - 22-Dec-2014 17:32
Angel Broking prefers Hero Motocorp over Bajaj Auto - 22-Dec-2014 17:20
'Accumulate` Persistent Systems; target Rs 171: Prabhudas Lilladher - 22-Dec-2014 16:44
99acres.com partners with Purvankara Projects - 22-Dec-2014 16:29
Prabhudas Lilladher maintains `Buy` on Ashoka Buildcon - 22-Dec-2014 16:20
CMI bags order worth Rs 121.3 mn - 22-Dec-2014 16:08
HDFC to sell 18.9 mn shares of HDFC Standard Life Insurance to Premji Trust - 22-Dec-2014 15:22
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer