SBI Revises Lending Rate to 12.75%

State Bank of India (SBI) has announced that the Bank has restores its Benchmark Prime Lending Rate (referred as SBAR) to the rate prevailing in January 2008.The Benchmark Prime Lending Rate (referred to as SBAR) is restored to 12.75% p.a. with effect from June 27, 2008.The stock closed the day at Rs.1216.25, up by Rs.13.10 or 1.09%. The stock hit an intraday high of Rs.1227.80 and low of Rs.1191.The total traded quantity was 444121 compared to 2 week average of 477302.