SBI, BoB lower base rates


The State Bank of India and Bank of Baroda have lowered their base rates. Andhra Bank had earlier lowered the base rates. SBI has cut base rate by 5 basis points to 8.95%, a move that is likely to benefit a substantial number of bank’s borrower. The new rates will be effective from October 1. While the Bank of Baroda has reduced base rate from 9.50% to 9.15%.

State Bank of India was trading at Rs 254.40 per share, up by Rs 1.60 or 0.63% as at 1204 hours on Friday, on the BSE. The stock hit an intraday high and low of Rs 255.60 and Rs 253.60, respectively. It attracted a traded volume of 33,18,513 shares and traded value of Rs 8,449.27 lakh on the NSE.

Meanwhile, Bank of Baroda was trading at Rs 140.30 per share, up by Rs 1.40 or 1.01%. It hit an intraday high and low of Rs 140.75 and Rs 138.75, respectively. The stock attracted a traded volume of 31,62,019 shares and trade value of Rs 4,414.49 lakh on the NSE.
 
 
 
 
 

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