Andhra Bank reduces BPLR to 13.25%

State-owned Andhra Bank today reduced its Benchmark Prime Lending Rate (BPLR) by 0.75% to 13.25% with immediate effect.        

The rate cut will benefit all PLR-related portfolios including home, education and vehicle loans, a press release issued here stated.        

The bank is likely to take a call on its deposit rates in the near term, it said.