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The Hindu
The Hindu
National
PTI

SBI raises benchmark lending rate by 0.7%

SBI

The country's largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7%) to 13.45% on Wednesday.

The announcement would make loan repayment linked to BPLR costlier. The current BPLR rate is 12.75%. It was revised last in June.

"Benchmark Prime Lending Rate (BPLR) revised as 13.45% per annum with effect from September 15, 2022," the SBI posted on its website.

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