BOM HIKES BASE, DEPOSIT RATES

Bank of Maharashtra hiked interest rates on both deposits and advances with immediate effect. The bank hiked interest rates on fixed deposits by 50-125 basis points across various maturities. It hiked the base rate by 75 basis points to 9 per cent, from 8.25 per cent, and the Benchmark Prime Lending Rate by 50 basis points to 13.25 per cent, from 12.75 per cent.

SOURCE: http://www.thehindubusinessline.com/2010/12/16/stories/2010121652290600.htm