SBI has raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points or 0.7% to 13.45% effective from Thursday, September 15. This would make loan repayment linked to BPLR costlier. Earlier in August, SBI raised its benchmark lending rates by up to 50 basis points or 0.5%. The bank also raised the Base Rate to 8.7%, effective Thursday.