The new base rate is 8.7 per cent and the BPLR has been revised to 17.25%. HDFC Bank, the second largest private one, has raised its minimum lending rate, or base rate, by 50 basis points and the benchmark prime lending rate (BPLR) by 75 basis points. The new base rate is 8.7 per cent and its BPLR has been revised to 17.25 per cent.
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Rise 14.78 per cent on a year on year basis. High deposit rates are attracting more customers but deposit mobilisation is still not a strong footing, according to data released by the Reserve Bank of India. During the fortnight ended September 10, deposits mobilised by banks went up by Rs 20,465 crore, against an increase of around Rs 38,658 crore in the previous fortnight.
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