Public sector lender Bank of Maharashtra has announced a 25 bps hike in its base rate as well as benchmark prime lending rate (BPLR).

The base rate of the bank stands at 10.25% while BPLR figures to 14.50%.

"The new rates will be effective from Saturday," the bank said.

The rate hike follows the recent policy rate hike by regulator Reserve Bank of India on June 16, 2011.