SBI Cuts Base Rate and Benchmark Prime Lending Rate

The State Bank of India (SBI), country’s largest commercial bank has cut its base rate by 15 basis points from 9.85% p.a. to 9.70% p.a. Bank has also reduced Benchmark Prime Lending rate (BPLR) by 15 basis points from 14.60% p.a. to 14.45% p.a.

Revised rates will be effective from June 8, 2015.