Benchmark Prime Lending Rate (BPLR) increased from 12.00% to 12.50% w.e.f. 16.08.2010

The Bank has increased its Benchmark Prime Lending Rate (BPLR) from 12.00% to 12.50% w.e.f.16.08.2010. The revised rates will be applicable to only those borrowers who are continuing with the BPLR system.

In terms of Reserve Bank of India guidelines, the Bank had switched over to the new system of Base Rate w.e.f. 01.07.2010. While switching over, the Bank had given an option to the existing borrowers to exercise their option regarding continuing with the BPLR system or switching over to the Base Rate system.