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Our bureau

Hyderabad, Feb. 20

State Bank of Hyderabad (SBH) has decided not to increase the existing rate of interest on both housing and education treating them under the priority sector loan category.

The bank has revised the Benchmark Prime Lending Rate (BPLR) by 50 basis points, up from 12 per cent to 12.5 per cent, effective from February 19, according to a press release. The increase in BPLR was necessitated in view of increase in CRR by 50 basis points, increase in provisioning/risk weight norms on certain assets classes and general hardening of interest rates, it added.

More Stories on : Interest Rates | Public Sector Banks

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