SBI revised base rate up by 40 bps to 8%

State-run bank State Bank of India has revised the Base Rate upwards by 40 basis points (bps) from 7.60% p.a. to 8.00% p.a.

According to the BSE, the changes in the rate will be effective from January 03, 2011.

    SBI also informed the BSE that the Bank revised the 'Deposit Rates' by 50-100 bps upwards in various maturities which is also effective from January 03, 2011.