Dena Bank raises lending rate by 50 bps

Written by Reuters | Mumbai, June 30: | Updated: Jun 30 2008, 20:11pm hrs
State-run lender Dena Bank Ltd said on Monday it will raise its benchmark prime lending rate by 50 basis points with effect from Tuesday.

The bank has also raised raise term deposit rates by 25 to 75 basis points, it said in a statement.