Public sector lender, Bank of Maharashtra has revised its interest rates of base rate as well as benchmark prime lending rate (BPLR). The revised rates are to come to effect from today, May 05, 2011.

The base rate of the bank now stands at 10% while the BPLR stands at 14.25%.

The rate hike comes as a follow up of the 50 bps rise in policy rates in the annual monetary policy declared by Reserve Bank of India on May 03, 2011 for this fiscal.