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Allahabad Bank, Andhra Bank, Bank of Baroda, HDFC Bank, Indian Bank, J&K Bank, Kotak Mahinda Bank, OBC, SBBJ, SBH, SBM, Syndicate Bank and Union Bank of India raises Base rate, BPLR upwards in July, 2011

Following the increase in Repo Rate and Reverse Repo Rate by 25 BPS by RBI, as announced in Mid Term Review of Monetary Policy on 16-06-2011, the undernoted banks have revised their Base Rates, BPLR upwards recently in July, 2011.

Sr. No. Name of the Bank  Base Rate BPLR Effective Date
    Existing  Revised  Existing  Revised  Date
1 Allahabad Bank 10.00% 10.25% 14.25% 14.50% 15/07/2011
2 Andhra Bank 10.00% 10.25% 14.25% 14.50% 11/07/2011
3 Bank of Baroda 10.00% 10.25% 14.25% 14.50% 12/07/2011
4 HDFC Bank 9.25% 9.50% 17.75% 18.00% 12/07/2011
5 Indian Bank 10.00% 10.25% 14.25% 14.50% 13/07/2011
6 J & K Bank 9.50% 9.75% 14.00% 14.25% 01/07/2011
7 Kotak Mahindra Bank 9.25% 9.50% 18.00% 18.25% 13/07/2011
8 Oriental Bank of Commerce 10.00% 10.25% 14.25% 14.50% 12/07/2011
9 State Bank of Bik & Jaipur 9.25% 9.75% 14.25% 14.75% 11/07/2011
10 State Bank of Hyderabad 9.50% 10.00% 14.25% 14.50% 12/07/2011
11 State Bank of Mysore 9.50% 9.75% 14.25% 14.50% 11/07/2011
12 Syndicate Bank 10.00% 10.25% 14.25% 14.50% 05/07/2011
13 Union Bank of India 10.00% 10.25% 14.25% 14.50% 11/07/2011
             

To Know about the Base Rate system Click on What is a Base Rate?

For updated Base Rate of all Banks see Comparison of Base rates of Banks in India

 

Filed in: Banking & Finance, Base Rate Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

2 Responses to "Allahabad Bank, Andhra Bank, Bank of Baroda, HDFC Bank, Indian Bank, J&K Bank, Kotak Mahinda Bank, OBC, SBBJ, SBH, SBM, Syndicate Bank and Union Bank of India raises Base rate, BPLR upwards in July, 2011"

  1. virendra chanchawat says:

    Why difference of BPLR in State Bank group.i.e.SBBJ,SBM,SBP

    • admin says:

      Dear Mr. Virendra,
      Every Associate Bank of SBI is a separate identity and hence they determine their own Base Rate and BPLR. regrads,
      Admin

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