State Bank of Bikaner & Jaipur (SBBJ), a bank promoted and managed by State Bank of India group, has lowered the base rate by 15 basis points.

Now revised, base rate stand at 9.95% compared with 10.10%. The revised base rate will be effective from Jun. 18, 2015. However, the bank kept existing BPLR unchanged at 15%.

The stock had underperformed the market over the past one month till Jun. 16, 2015, falling 5.75% compared with the Sensex's 2.33% decline. It outperformed the market in past one quarter, declining 1.11% as against 6.16% fall in the Sensex.

Shares of the bank gained Rs 5.05, or 0.97%, to trade at Rs 526.30. The total volume of shares traded was 2,407 at the BSE (12.49 p.m., Wednesday).