The Kerala based lender, Federal Bank cuts its base rate by 25 basis points to 10.20 per cent. The revised rates will be effective from 21st February, 2013.

"It will benefit all customer segments of the bank including retail, SME and large corporates as the rates will come down by 25 bps for all customers with loans at rates linked to base rate", Federal bank said in a statement.

Private sector lender has reduced the interest rates on home loan and car loan for good retail borrowers form 10.45 per cent to 10.20 per cent.