SBI raised lending rates by 0.20 per cent
Posted on: 06/Nov/2013 4:53:45 PM
State Bank of India (SBI) has raised its lending rates by 0.20 per cent with effect from Thursday.
The bank has revised the base rate or the minimum lending rate to 10 per cent from 9.80 per cent, SBI said in a statement.
The decision come a day after HDFC Bank raised the base rate by 0.20 per cent to 10 per cent. Earlier this month, SBI raised fixed deposit rate by 0.2 per cent on select maturity.
With the revision, term deposit between 180-210 days less than Rs 1 crore now earn 7 per cent against 6.80 per cent earlier.
