State Bank of Mysore Cuts Base Rate

New Delhi: State Bank of Mysore (SBM), an associate of State Bank of India (SBI), on Monday cut the minimum lending rate by 0.10 per cent to 9.90 per cent. "The bank has revised downward the base rate from 10 per cent to 9.90 per cent to be effective from today," SBM said in a filing to the BSE. Base rate is the minimum rate below which banks are not allowed to lend. At present, private sector HDFC Bank offers the base rate, which...