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Kotak Mahindra Bank revises Base Rate

| | Apr 14, 2015, at 07:34 pm
#Kotak Mahindra Bank
Mumbai, April 14 (IBNS): Kotak Mahindra Bank has reduced its Base Rate from current level of 10% p.a to 9.85% p.a with effect from Apr 16.

"All categories of loans (other than the exceptions permitted by RBI) will be priced with reference  to the revised Base Rate," the Bank said in a statement.

Established in 1985, Kotak Mahindra group is one of India's leading financial services conglomerates.

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