Price Update14 May 2026, 05:21 pm
IOB Reduces Base Rate to 9.70% w.e.f. 15.05.2026
AI Summary
Indian Overseas Bank (IOB) has revised its base rate, reducing it by 10 bps to 9.70%, effective from May 15, 2026. The decision was made after a review by the Assets and Liabilities Management Committee. The revised rate will remain in effect until the next review.
Key Highlights
- IOB reduces base rate by 10 bps.
- New base rate is 9.70%, effective 15.05.2026.
- The Assets and Liabilities Management Committee approved the revision.
- The rate is subject to further review.
Price Impact
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