Mumbai: 30.06.2010: Dena Bank has set its Base Rate at 8.25% p.a. w.e.f. 01.07.2010 till further review. Base rate will replace the existing Benchmark Prime Lending Rate (BPLR) system. Accordingly, all new loans & advances sanctioned on 01.07.2010 & onwards will attract interest rate as per new system to be determined with reference to Base Rate. All existing loans & advances will continue to carry interest rate as per the existing BPLR system till (i) the next renewal/review date for credit facilities (ii) reset date, wherever stipulated, in case of term loans. However, any borrower may switch over to the Base Rate System, at his/its options.

General Manager

Corporate Communication

Dena Bank