Kotak Mahindra Bank revises the Base Rate upwards by 25 basis points from 9.50% p.a. to 9.75% p.a. with effect from August 02, 2011
All categories of loans (other than the exceptions permitted by RBI) will henceforth be priced with reference to the revised Base Rate.
The Bank also revises its Benchmark Prime Lending Rate [BPLR] upwards by 25 basis points and its deposit rates across tenor buckets by 10 to 50 basis points.
