Moneycontrol PRO

business

Vijaya Bank to lift base rate by 50bps, BPLR to see hike

In tune with the industry expectations, after Reserve Bank of India’s key rate hike by 50 bps, Vijaya Banks discloses a likely hike in the base rates and bench mark prime lending rates (BPLR). HS Upendra Kamath, chairman of Vijaya Bank shares that the rates hike to be announced on Thursday will be in the lines of a 50 bps rise.

first published: May 5, 2011 12:30 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347