Kotak Mahindra Bank hikes BPLR,base rate

Private sector Kotak Mahindra Bank,said that it has upped its base rate by 0.25 per cent to 8 per cent.

Private sector Kotak Mahindra Bank,said that it has upped its base rate by 0.25 per cent to eight per cent.

The bank has also hiked its Benchmark Prime Lending Rate (BPLR) by 0.25 per cent to 16.75 per cent.

The revised rates are with effect from Tuesday.

All categories of loans (other than the exceptions permitted by RBI) will henceforth be priced with reference to the revised base rate,the bank said in a press release issued here.

Changes in the base rate from the current level of eight per cent per annum will be conveyed from time to time,the release added.

Only 9 tickets to EBCs is in stark contrast to the INDIA bloc and Congress’s EBC push with the Atipichhda Nyay Sankalp, a separate resolution for EBCs that Leader of Opposition Rahul Gandhi and RJD leader Tejashwi Yadav released last month. (PTI Photo)

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