base rate

Hey Guys, Being a MBA finance student , I keep myself updated with financial news. On November 6, i read that SBI has hiked its base rates. in my view may be its rated to some hike in interest rates on all sort of loans. But i want to know the actually meaning of base rate?

Hey Guys, Being a MBA finance student , I keep myself updated with financial news. On November 6, i read that SBI has hiked its base rates. in my view may be its rated to some hike in interest rates on all sort of loans. But i want to know the actually meaning of base rate?