rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » SBI raises base rate by 20 bps to 10%

SBI raises base rate by 20 bps to 10%

November 06, 2013 11:39 IST

SBIState Bank of India has raised its base rate by 20 basis points to 10 per cent per annum from 9.8 per cent per annum, the state-run lender said in a statement on Wednesday.

The country's largest lender also revised its benchmark prime lending rate by 20 bps to 14.75 percent from 14.55 per cent.

The increase is effective from November 7, the bank said.

Source:
© Copyright 2013 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.