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Srei Hikes Lending Rate

Infrastructure Finance
September 1, 2013September 1, 2013
Srei Hikes Lending Rate
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Considering the rise in the cost of funds for the infrastructure sector, Srei Infrastructure Finance raised benchmark lending rate by 50 basis points. Thus, the new benchmark rate stands at 18 per cent per annum effective from September 1, 2013 compared to the earlier rate of 17.50 per cent. After reviewing the cost of borrowing, the company’s asset liability management committee met and decided to raise the benchmark rate.

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