NEWS & ADVICE : HOME LOANS
Base rate hiked by SBBJ
By Joseph Samson
Oct 29, 2010
Print    Email    RSS   

Public sector lender, State Bank of Bikaner and Jaipur has raised its base rate to 8% with immediate effect.

The bank's decision comes following the base rate hike by State Bank of India. The bank had earlier announced that its base rate will remain unchanged till December.

The bank has not given any reason for this sudden hike in base rate.

Rise in base rate will now bring a subsequent rise in home, car, personal and other retail loans by atleast 50 basis points.

Benchmark Prime Lending Rate (BPLR) has also been raised by 25 bps by the bank. It now stands at 13%.

The bank has also posted a 48% rise in net profits amounting to Rs 127.52 crore in Q2 of this fiscal.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Factors to Evaluate before opting for Home...
Factors affecting eligibility for home loans
The home loans interest rate story: The...
e-filing of income tax returns at...
What should you do if interest rates are...


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive