SBBJ hikes deposit and lending rates

Associate Bank of SBI, State Bank of Bikaner and Jaipur has announced a hike in the deposit rates and the lending rates.

The bank has hiked the deposit rates up by maximum of 75 basis points or 0.75 percent across various maturities and the base rate by 25 basis points or 0.25 percent to 8.75 percent .

The bank has also hiked the benchmark Prime lending rates by 0.25 percent from 13.50 percent to 13.75 percent .

The new rates will be effective from 21st February.