Processing .....please wait.. 
The article has been forwarded.... 
Dena Bank hikes base rate by 50 bps
Wednesday, 03 August 2011, 21:49 Hrs
Mumbai: State-run lender Dena Bank today hiked its minimum lending rate or the base rate by 50 basis points to 10.70 percent.
It also increased interest rates on loans given under Benchmark Prime Lending Rate (BPLR) by a similar 50 basis points to 15.75 per cent, a bank statement said.
The rate hike comes eight days after the Reserve Bank raised its short term rates by a higher-than-expected 50 basis points in its quest to tame the uncomfortably high inflation. Many lenders, including Bank of India, Central Bank of India and HDFC have raised their rates following the RBI move.
Global banking giant HSBC also hiked its lending rates today to become the first foreign lender to raise its rates after the RBI''s quarterly credit policy announcement. Meanwhile, Dena Bank added it has raised interest rates on deposits by 50-150 basis points depending on their maturity level.
Source: PTI
It also increased interest rates on loans given under Benchmark Prime Lending Rate (BPLR) by a similar 50 basis points to 15.75 per cent, a bank statement said.
The rate hike comes eight days after the Reserve Bank raised its short term rates by a higher-than-expected 50 basis points in its quest to tame the uncomfortably high inflation. Many lenders, including Bank of India, Central Bank of India and HDFC have raised their rates following the RBI move.
Global banking giant HSBC also hiked its lending rates today to become the first foreign lender to raise its rates after the RBI''s quarterly credit policy announcement. Meanwhile, Dena Bank added it has raised interest rates on deposits by 50-150 basis points depending on their maturity level.
Source: PTI
Don't Miss ( 1-5 of 25 )
Post your Comment
All form fields are required.
Write your comment now
Beautiful and dress selection, please go to Dresses
Sign Up for DailyDose and Read the Day's Highlights
Email:
 |
SiliconIndia:
About Us |
Contact Us |
Help |
Community rules |
Advertise with us |
Sitemap
News:
Technology |
Enterprise |
Tech Products |
Startups |
Finance |
Business |
Career |
Magazine |
Dailydose |
News archive
Career:
Jobs |
Companies |
Mentorship |
Videos |
Career blogs |
Training Institute |
Freshers
Online courses:
Web developer |
Java developer |
CCNA training |
SEO |
SAS |
SQL server 2005 |
J2EE
Education:
MBA |
MCA |
Engineering |
Overseas Education |
Internship
Life:
Jokes |
Bookstore |
Relocate |
Marketplace
Cities:
Startup |
Real estate |
Finance
Send your and help us continue to improve SiliconIndia
© 2012 SiliconIndia all rights reserved
© 2012 SiliconIndia all rights reserved