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South Indian Bank, IndusInd Bank, Federal Bank and SBM revises Base Rates, BPLR upwards in May 2011

Following the increase in Repo Rate and Reverse Repo Rate by 50 BPS ny RBI as announced in Annual Monetary Policy guidelines 2011-12, the undernoted banks  have revised their Base Rates, BPLR upwards recently.

Sr. No. Name of the Bank  Base Rate BPLR Effective Date
    Existing  Revised  Existing  Revised  Date
1 South Indian Bank 9.10% 9.60% 18.00% 18.50% 07/05/2011
2 IndusInd Bank 9.25% 9.75% 19.25% 19.75% 09/05/2011
3 Federal Bank 9.25% 9.72% 16.00% 16.50% 10/05/2011
4 State Bank of Mysore 9.00% 9.50% 13.75% 14.25% 11/05/2011
             

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

For updated Base Rate of all Banks See Current Base Rate of Banks in India or Comparison of Base rates of Banks in India

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