IDBI Bank raised BPLR and term deposit rates

IDBI Bank, a state-owned lender has raised its benchmark prime lending rates.

It has revised its BPLR by 50 basis points and it will be effective from 5 August, 2010.

The bank release said, the interest rates on retail term deposits have also been raised by 25-75 basis points on different tenures. The revised rates will be effective from August 6.