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Domestic Bank Lending Rates before 1st July 2010
Click here for International Lending Rates
PUBLIC SECTOR BANKS
State Bank of India has revised the Benchmark Prime Lending Rate (Referred to as SBAR) downwards by 50 bps from 12.25% p.a. to 11.75% p.a. with effect from 29th June 2009
Punjab National Bank cut its Benchmark Prime Lending Rate (BPLR) by 50 basis points to 11% from 11.50%. The reduced rates would come into effect from 1st May 2009.
Bank of Baroda cut its benchmark prime lending rate by 50 basis points to 12 per cent from 12.5 percent with effect from 1st April 2009.
Bank of India has cut its prime lending rate by 50 basis points to 12 per cent from 12.5 percent with effect from 1st April 2009.
State-owned Bank of Maharashtra (BoM) slashed its benchmark lending rate by 0.25 per cent to 12.5 per cent effective from 9th April 2009.
Corporation Bank cut its prime lending rate by 50 basis points to 12 per cent from 12.5 per cent, with effect from 1st April, 2009.
Dena Bank cut its PLR by 25 basis points to 12.50% from 12.75% with effect from 1st April 2009.
Allahabad Bank cut its benchmark prime-lending rate (BPLR) by 25 basis points i.e. from 12.50 per cent to 12.25 per cent with effect from 1st April 2009.
IDBI Bank has reduced its benchmark prime lending rate (BPLR) by 50 basis points to 13.00 per cent. The change takes effect from 15th April 2009.
Oriental Bank of Commerce cut its benchmark prime lending rate by 50 basis points from 12.5 per cent to 12 per cent effective from 1st April 2009.
Andhra Bank, reduced its benchmark prime lending rate (BPLR) by 25 basis points from 12.50% to 12.25% with effect from 1st April 2009.
Punjab & Sind Bank reduced its prime lending rate by 50 basis points from 14 per cent to 13.5 per cent, with effect from 1st April 2009.
Union Bank of India reduced its Benchmark Prime Lending Rate (BPLR) by 50 basis points to 12 per cent from 12.5 per cent with effect from 1st April 2009.
United Bank of India reduced its PLR by 25 basis points to 12.25 per cent with effect from 1st April 2009.
Uco Bank cut its PLR by 50 basis points to 12.50 per cent from 13 per cent with effect from 1st March 2009.
Canara Bank has cut its BPLR by 75 basis points to 12.5 per cent with effect from 1st January, 2009.
State Bank of India reduced its BPLR Rate by 75 basis points from 13.00 per cent to 12.25 effective from 1st January, 2009.
State Bank of Travancore has revised its benchmark prime lending rate (BPLR) from 13.25% to 12.75% with effect from 1st January 2009.
The State Bank of Mysore (SBM) reduced its benchmark prime lending rate (BPLR) by 50 basis points to 13 per cent effective from 1st February 2009.
State Bank of Bikaner and Jaipur have a benchmark prime lending rate (BPLR) at 12.75 per cent.
Indian Overseas Bank cut its benchmark prime lending rate by 75 basis points to 13.25 percent, with effect from 6th November, 2008.
Syndicate Bank also revised its benchmark prime lending rate by 75 bps to 13.25% from 4th November 2008.
Vijaya Bank have now a benchmark prime lending rate (BPLR) at 12.25 per cent.
PRIVATE SECTOR BANKS
HDFC Bank has cut its benchmark lending rate by 25 basis points to 15.75 percent with effect from 20th July 2009.
HDFC Bank has earlier reduced its BPLR by 50 basis points to 16 per cent, effective 1st January 2009.
ICICI Bank has announced a reduction of 0.50% in its Floating Reference Rate (FRR)
to 12.75% p.a. as against 13.25% p.a. with effect from June 05, 2009. ICICI Bank has also announced a reduction of 0.50% in its Benchmark Advance Rate (I-BAR) with effect from June 05, 2009 to 15.75% p.a. as
against 16.25% p.a. at present.
Lakshmi Vilas Bank (LVB) has reduced its BPLR by 25 basis points to 15 per cent. The new rate will be effective from 4th May 2009.
Axis Bank reduced its prime lending rate by 50 basis points to 15.25 per cent, effective from 1st April 2009.
Bank of Rajasthan slashed it by 50 basis points to 15 per cent, effective from 1st May 2009.
Yes Bank benchmark prime lending rate (BPLR) is now at 16.50 per cent
OTHERS
Citibank lowered its benchmark lending rates by 25 basis points to 14.75 per cent with effect from 1st May 2009.
Standard Chartered Bank’s now have a benchmark prime lending rate (BPLR) at 14.25 per cent
Housing Development Finance Corporation (HDFC), the country's premier home loan provider reduced Retail Prime Lending Rate (RPLR) by 0.5 percentage point to 14 per cent from 14.5 per cent with effect from 25th March 2009.
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