SBI hikes base rate by 0.1%

by NTOI Web Desk

Country’s largest lender State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders.

With the increase the revised base rate is 7.55 per cent, as per the information posted on SBI’s website.

The new rate is effective from December 15, 2021, it said.

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