IDBI hikes retail lending rates by 25bps

IDBI today hiked retail lending rates by 25 basis points.

Announcing the hike here, V P Shetty, chairman of IDBI, said the move was effected following the increase in deposit rates and to reduce the gap in yield and cost.

"It is a realignment done due to the rising cost of deposits," he said, admitting to pressure on net interest margin.