Development Credit Bank hikes its base rate, BPLR by 0.50% each

MUMBAI: Private sector Development Credit Bank ( DCB), today said that it has upped both its base rate and benchmark prime lending rate ( BPLR) by 0.50 per cent each.

Accordingly, its base rate now stands enhanced at 10 per cent from the earlier 9.50 per cent, a press release issued here stated.

The bank's BPLR stands raised at 17.25 per cent from the earlier 16.75 per cent.

The revised rates will be with effect from June 1, the release said.