Big jolt to SBI customers! Bank announces revision in loan interest rate

SBI has announced a revision in base and lending rates. 

New Delhi: State Bank of India (SBI) has announced a revision in base and lending rates. The largest public sector bank has increased the Base rates by 0.10 per cent while the prime lending rate has been hiked by 0.10 per cent. 

The latest revisions in the rates are all set to impact SBI customers who had taken a loan on floating interest rates from the bank. The new rates have come into effect from Wednesday i.e. today (December 15). 

With the latest revision, the new Base rate after an increase of 0.10 per cent is now 7.55 per cent. On the other hand, the Prime lending rate now stands at 12.30 per cent today after 0.10 per cent, according to a report by ZeeBiz.