BANK RATES – BASE RATES (BPLR) of All Banks February 2024

Bank Rates – Base rates of Banks (BPLR). Info on Banks Base rates, deposit rates, Interest rates and Term deposit rates of Banks.

The new benchmark rate came into effect from July 1, replacing the prime lending rate and banks have to price all new loans in reference with base rate. This move was implemented to bring about more transparency in the bank lending system. All banks have to review their base rate in the first week of October as RBI has mandated that the base rate has to be reviewed every quarter.

Click to See Chart of Base Rates of All Banks

SBI – Cuts its base rate by 40 basis points on 29 September 2015. New Base Rate – 9.30%

Axis bank slashed its base rate 25 basis points on 30 September 2015. – 9.50%

 Bank of Baroda cuts its base rate 25 basis points on 30 sep 2015.

Andhra Bank new base rate 9.70% effective from 05 october 2015

Oriental Bank of Commerce new base rate 9.70% is going to be in function from 05 october 2015

IDBI Bank new base rates starts from 9.75%.