Development Credit Bank ups base rate, BPLR by 0.5%

Private sector lender Development Credit Bank (DCB) today said it has hiked both its base rate and benchmark prime lending rate (BPLR) by 0.5%.

Its base rate now stands at 9.5%, while the BPLR is at 16.75%, the bank said in a press release issued here.

The new rates came into effect from May 7.