Public sector lender Dena Bank has announced increase in its base rate by 25 bps to 10.2%.

The benchmark prime lending rate of the bank has also been raised by a similar amount taking it to 15.25%.

Since policy rate hike by Reserve Bank of India on June 16, banks are in a spree to raise lending rates.

Amongst other lenders to have joined the league include Canara Bank, ICICI Bank, Corporation Bank etc.