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SBI hikes lending rates by 50 basis points

India’s largest lender, the state bank of India or SBI on Friday hiked its base rates by 50 basis points to 10% with effective from August 13. The benchmark prime lending rate or BPLR also went up by similar percentage points to 14.75%. This will make loans for existing borrowers costlier by at least 50 basis points.

August 16, 2011 / 23:02 IST
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Moneycontrol Bureau

India
TAGS: #Bank Of Baroda #Bank Of India #base rates #BPLR #Economy #Indian Overseas Bank #Kotak Mahindra Bank #Oriental Bank of Commerce #Punjab National Bank #Reserve Bank of India #SBI #State Bank of India #Yes Bank
first published: Aug 11, 2011 06:55 pm

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