SBI - Revision In Benchmark Prime Lending Rate

State Bank of India (SBI) has informed that the Bank has decided to revise Benchmark Prime Lending Rate (SBAR) and Interest rates on Super Saver Term Deposit Scheme:1. Revision in Benchmark Prime Lending Rate (SBAR):The Bank has revised upwards the Benchmark Prime Lending Rate (referred as SBAR) as under:a) Benchmark Prime Lending Rate (referred to as SBAR) is revised upwards by 75 bps from 11.50 p.a. to 12.25% p.a. with effect from February 20, 2007.b) Considering the importance of providing cost-effective credit to the important sectors of the economy, the following sectors will be excluded from the impact of the above change in SBAR by appropriate adjustment of spreads above/below SBAR wherever applicable:- All existing Housing Loans under Priority Sector- All existing Educational Loans.- All Existing and Future Agricultural Production Loans less than Rs 3 Lacs and- New Educational Loans up to Rs 4 Lacs.