State Bank of India said it has cut its benchmark prime lending rate (BPLR) by 0.50 percentage points with effect from June 29, making its loans cheaper.


The Times of India writes in its news “The new rate now stands at 11.75 per cent as against the earlier 12.25 per cent, the public sector lender said in a filing with the Bombay Stock Exchange.”

• SBI cuts lending, deposit rates effective from Jan 1
• ICICI Bank slashes home loan rate by 50 basis points
• SBI reduces prime lending rate by 0.75 pc
• Stocks open higher in line with Asian peers
• Union Bank, HDFC Bank cut rates
• SBI cuts deposit rates by up to 50 basis points
• Union Bank cuts PLR by 0.5%
• Inflation pulls down mkts; Sensex 300 pts down
• Yes Bank cuts PLR by 0.50 pc
• BoB, Uco Bank plan to cut deposit, lending rates this week