Comments
State Bank of Travancore (SBT) today lowered its benchmark prime lending rate by 0.25 per cent with effect from October 8.
The bank has lowered the BPLR (benchmark prime lending rate) to 15.25 per cent from 15.50 per cent at present, SBT said in a BSE filing.
However, the base rate will remain at 10.50 per cent, same as the existing rate.
The revised rate will be effective from October 8, it said.
Shares of the bank today closed at Rs 533 a piece on the BSE, up 2.05 per cent from the previous close.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.