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Money & Banking - Interest Rates
SBM hikes lending, deposit rates

Bangalore, June 28 State Bank of Mysore (SBM) has hiked its benchmark prime lending rate (BPLR) by 50 basis points with effect from July 1. The bank's BPLR is currently 13.25 per cent. SBM also hiked its deposit rates between 180 days and 3 years by 50 basis points. Currently, the deposit rate for 180 days is 7 per cent. For 3-year deposits, the rates are 8.50 per cent. - Our Bureau

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