Development Credit Bank ups base rate, BPLR by 0.5 per cent

MUMBAI: Private sector lender Development Credit Bank (DCB) today said it has hiked both its base rate and benchmark prime lending rate (BPLR) by 0.5 per cent.

Its base rate now stands at 9.50 per cent, while the BPLR is at 16.75 per cent, the bank said in a press release issued here.

The new rates came into effect from May 7.

Source: EconomicTimes