Private sector lender Dhanlaxmi Bank has shown response to the recent policy rate hike by regulator Reserve Bank of India. The lender has announced a 25 bps hike in its base rate.
The benchmark prime lending rate (BPLR) of the bank has been given a lift by 50 bps.
The base rate of the bank thus stands at 11% while BPLR stands at 20.75%.
CFO of the bank, Mr Bipin Kabra said, "The hike in our base rate and BPLR follows the recent interest rate hike by RBI and reflects the tight monetary conditions."