The council of Indian Overseas Bank on 05 February 2011 has ratified the increase in value of the Benchmark Prime Lending Rate (BPLR) of the bank by 50 motive points on existent 13.25% p.a. to 13.75% p.a. provided influence based on data from 05 February 2011.
Indian Overseas Bank has announced the current the Board of Directors has by a Circular Resolution dated February 05, 2011 passed the increase in value of the Benchmark Prime Lending Rate (BPLR) of the Bank by 50 trigger points out of pre-existing 13.25% p.a. to 13.75% p.a. amongst affects for February 05, 2011.
The supply closed the day at Rs.125.20, up by Rs.1 or 0.81%. The inventory hit an intraday great of Rs.126.70 and low of Rs.121.75.
The whole traded lot was 1.33 lakhs judged against to 2 week ordinary of 1.29 lakhs.