After State Bank of
The benchmark prime lending rate (BPLR) was revised downwards by 50 basis points effective from June 29. SBI had last reduced BPLR by 75 basis points on January 1, 2009. Following SBI's move, many other public sector lenders, including Allahabad Bank, reduced BPLR by 50 basis points.
In order to attract more customers the banks are now softening their lending rates. Union Bank of