<div style="float: left;">
	<img align="" alt="Image via Shutterstock" class="imgCont" height="163" src="http://bsmedia.business-standard.com/_media/bs/img/article/2013-04/29/full/1367246133-6332.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Rate Cut" width="218" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:218px;">
		<a href="http://www.shutterstock.com/pic-73154314/stock-photo-percent.html" target="_blank">Image</a> via Shutterstock</div>
</div>

SBH has reduced the base rate by 20 basis points to 9.75%

Rate Cut


<p>
	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.<br />
	<br />
	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).</p>

SBH reduces base rate by 20 bps

Move comes after RBI cut interest rate by 50 bps

More From This Section

RBI holds top IOB management responsible for mess

Bank of Maharashtra gets nod to raise Rs 394 cr by equity shares

RBI clamp on IOB

HDFC cuts home loan rate by 25 bps

Explore News