Indian Bank, Andhra Bank, Dhanlaxmi and two more banks raise rates
By Joseph Samson
Aug 2, 2011
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In the rising regime of interest rates following the recent policy rate hike by Reserve Bank of India, five more banks have announced a rise in lending rates.

Public sector lenders Andhra Bank, Indian Bank and private sector peer Dhanlaxmi Bank have announced a 50 bps rise in lending rates.

Bank of Maharashtra has raised lending rates by 25 bps along with another private peer Kotak Mahindra Bank.

Base rate as well as BPLR for Indian Bank and Andhra Bank figure to 10.75 % and 15 %, respectively.

For Bank of Maharashtra, the base rate stands at 10.50% while BPLR figures to 14.75%.



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