SBI to increase SBAR bt 25 bps

New Delhi, Aug 1: State Bank of India today announced that it would increase the Benchmark Prime Lending Rate (referred to as SBAR) by 25 bps from 10.75 per cent per annum to 11.00 per cent per annum from tomorrow.

In addition, term premia of 50 bps will be added as per extant instructions for loans with maturity of 3 years and above, a statement said.

Moreover, the credit risk premia (spreads) as per the existing credit risk assessment (CRA) model of the bank would be added to SBAR while fixing the pricing.

UNI