BoB to increase BPLR by 50 bps

New Delhi, July 31 (UNI) Bank of Baroda today said that it will raise its Benchmark Prime Lending Rate (BPLR) by 50 basis points from 11 per cent per annum to 11.5 per cent from tomorrow.

The bank has also decided to revise upwards its deposit rates across various maturities, a statement said.

Meanwhile, the bank recently posted 41 per cent increase in net profit at Rs 163.32 crore for the first quarter ended June 30, 2006, as compared to Rs 156.94 crore for the same quarter a year ago.

The bank's total income increased 22 per cent to Rs 2297.62 crore for Q1 FY07 from Rs 1882.01 crore for Q1 FY06.

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