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State Bank of India hikes prime lending rate on term deposits

State Bank of India has hiked its prime lending rate of its term deposits on Friday June 08 by 75 basis points from its previous 50 points

27 Jun 2008

State Bank of India has hiked its prime lending rate of its term deposits on Friday June 08 by 75 basis points from its previous 50 points.

With this hike the interest rate for one-year has raised to 9.5 per cent from previous 8.75 per cent and rate on three-year deposits is 9 per cent from previous 8.85 per cent.

 



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