Public sector lender State Bank of Travancore has announced a revision in its base rate as well as benchmark prime lending rate (BPLR). The hike has been made in the range of 25-50 bps by the lender.
The base rate of the bank has received a 25bps hike taking it to 10.50% from 10.25% earlier.
The BPLR, on the otherhand, stands at 15.50% after the revision as against 15.00% earlier.
With effect to revision in these rates, interest rates of all retail loans is going to see immediate revision, confirmed a spokesperson of the bank.