State Bank of Mysore slashes PLR

State Bank of Mysore slashes PLR

BS Reporter / Bangalore November 07, 2008, 15:16 IST

State Bank of Mysore (SBM), Bangalore-based associate bank of SBI group, has revised its benchmark prime lending rate (PLR) downwards by 75 basis points from 14.25 per cent to 13.50 per cent, with effect from November 10, 2008, the bank informed BSE.