Dena Bank cuts BPLR

Dena Bank today reduced its benchmark prime lending rate (BPLR) by 25 basis points (bps).

The new rate is 13 per cent against the earlier 13.25 per cent. It is effective from March 3, 2008.

Other public sector banks that have already cut prime lending rate include the State Bank of India, Punjab National Bank, Bank of India, and Union Bank.