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 Money & Banking - Interest Rates
SBT cuts lending rate by 50 bps

Our Bureau

Thiruvananthapuram, July 3 State Bank of Travancore has trimmed its benchmark prime lending rate by 50 basis points to 12.25 per cent. The revised rate is effective from July 1 and would get reflected in the advances linked to the BPLR, a bank spokesman said. The maximum spread over PLR would remain at 4 per cent, except for specified categories, he added.

The bank has also hiked interest rates for FCNR and NRE term deposits.

More Stories on : Interest Rates | Public Sector Banks

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