SBI increased Lending Rates by 0.20 Percent

India’s largest lender State Bank of India (SBI) on 6 November 2013 increased its lending rates by 0.20 percent with effect from 7 November 2013

Created On: Nov 6, 2013 18:40 IST

India’s largest lender State Bank of India (SBI) on 6 November 2013 increased its lending rates by 0.20 percent with effect from 7 November 2013. The bank increased the base rate or the minimum lending rate to 10 per cent from 9.80 percent. The Benchmark Prime Lending Rate (BPLR) was also increased by 0.20 per cent from 14.55 per cent to 14.75 per cent. SBI increased fixed deposit rate by 0.2 per cent on select maturity.

Earlier, RBI had increased short-term lending (repo) rate by 0.25 per cent to 7.75 per cent, making cost of fund expensive for the banks.

SBI had last raised base rate by 0.10 per cent to 9.80 per cent in September 2012.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS

Related Stories

Comment (0)

Post Comment

0 + 5 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF November 2021
    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF November 2021
    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    View all