The Hindu Business Line : SBT cuts BPLR to 12.75%

State Bank of Travancore has effected a cut in its benchmark prime lending rate by 50 basis points from 13.25 per cent to 12.75 per cent with effect from January 1. A bank spokesman said that rates on all existing and new loans linked to the PLR, including housing and car loans, will come down accordingly. The bank has also revised rates for domestic and NRO term deposits for periods with effect from even date. The new rates are 3.5 per cent (seven to 14 days); 4.25 per c ent (15 to 45 days); 5.25 per cent (46 to 90 days); 6.75 per cent 91 to 179 days; 7.5 per cent (180 days to less than one year); 8.5 per cent (one year to less than two years) and 8.75 per cent (two years to 999 days).

— Our Bureau

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