State Bank (Q,N,C,F)* of India (SBI), the largest public sector lender, announced Wednesday the bank decided to revise the base rate and benchmark prime lending rate (BPLR) lower by 5 bps with effect from Feb. 4, 2013.

Accordingly the base rate now stand at from 9.75% to 9.70% p. a. and BPLR stood at from 14.50%  to 14.45% p.a.

Shares of the bank declined Rs 21.9, or 0.89%, to trade at Rs 2,435.40. The total volume of shares traded was 428,591 at the BSE (Wednesday).