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State-owned Indian Overseas Bank (IOB) on Friday said it has slashed its base rate by 0.10% to 9.35%.
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T Updated: August 07, 2020 15:17 IST Share Article 0 PRINT A A A Green shoots: During the quarter, IOB recovered ₹3,389 crore against ₹2,784 crore a year earlier. | Photo Credit: L. Balachandar <span>State-owned Indian Overseas Bank (IOB) on Friday said it has slashed its base rate by 0.10% to 9.35%. “The asset liability management committee of our bank decided to reduce the base rate to 9.35% from the existing 9.45%, effective from August 10, 2020,” IOB said in a regulatory filing.


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