State Bank of Mysore advances post revision of base rates

Shares of State Bank of Mysore have jumped 3% to Rs 424 on the Bombay Stock Exchange (BSE) after the bank announced that it has revised the base rate downward from 10% to 9.9%.

The decision was taken post market hours yesterday and it was made effective starting September 21, 2015.

Also, the bank informed BSE that the bench mark prime lending rate will, however, continue to remain at 15%.

The stock opened at Rs 420 and touched an intra-day high of Rs 433.05. At 10:50, a combined total of 3,445 changed hands on the counter of NSE and BSE.