SBT cuts PLR, deposit rates

SBT cuts PLR, deposit rates

BS Reporter / Thiruvananthapuram November 06, 2008, 17:25 IST

State Bank of Travancore (SBT) has reduced its prime lending rate (PLR) by 75 basis points to 13.25 per cent. The reduction will come into effect from November 10. The bank has also decided to lower its deposit rates from December 1, a bank statement stated.