SBH reduces base rate by 20 bps
Move comes after RBI cut interest rate by 50 bps
 "SBH reduces base rate by 20 bps")
State Bank of Hyderabad (SBH) has reduced the base rate by 20 basis points to 9.75% from present 9.95% with effect from October 8, 2015.
The asset liability committee headed by SBH managing director Santanu Mukherjee decided for downward revision of the base rate following the announcement of reduction in policy rate by Reserve Bank of India (RBI).