For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Kotak Mahindra Bank hikes benchmark lending rate by 0.25%

By Religare
|
Kotak Mahindra Bank hikes benchmark lending rate by 0.25%
Kotak Mahindra Bank raised benchmark lending rate by 0.25 per cent to 10 per cent. The hike would make the home, auto, corporate and other loans linked with base rate or the minimum lending rate costlier, reported PTI.
 

The bank has revised the base rate upwards from 9.75 per cent to 10 per cent with effect from August 13, Kotak Mahindra Bank said in a statement.

"All categories of loans (other than exceptions permitted by RBI) will henceforth be priced with reference to the revised base rate," said the bank.

The private sector bank has also revised its Benchmark Prime Lending Rate (BPLR) upwards by 0.25 per cent.

Dion Global Solutions Ltd.

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more