HomeNewsBusinessEconomyDhanlaxmi Bank raises rates by 25-50 bps

Dhanlaxmi Bank raises rates by 25-50 bps

Private sector lender Dhanlaxmi Bank hiked its base rate and benchmark prime lending rate or BPLR by 25 and 50 basis points to 10.75% and 20.25% respectively with effect from September 19.

Moneycontrol Bureau

Private sector lender Dhanlaxmi Bank hiked its base rate and benchmark prime lending rates or BPLR by 25 and 50 basis points to 10.75% and 20.25% respectively, with effect from September 19. Last Friday, the Reserve Bank of India had increased its repo rate by 25 bps. Dhanlaxmi became the first bank to transmit such rate hike.

first published: Sep 19, 2011 02:00 pm

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Dhanlaxmi Bank raises rates by 25-50 bps

Private sector lender Dhanlaxmi Bank hiked its base rate and benchmark prime lending rate or BPLR by 25 and 50 basis points to 10.75% and 20.25% respectively with effect from September 19.

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