Dhanlaxmi Bank raises base rate, BPLR

Private lender Dhanlaxmi Bank said on Monday it has increased its base rate and benchmark prime lending rate by 25 and 50 basis points respectively, effectively immediately.

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Its base rate now stands at 11 percent while benchmark prime lending rate is at 20.75 percent, it said in a statement.

Early last month, the bank had raised these rates by 50 and 100 basis points respectively.

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