New Delhi: In the face of hike in Repo rate, State Bank of India is exploring the possibility of raising deposit and lending rates.

"We are reviewing both (deposit and lending rates)," SBI chairman A K Purwar told reporters on the sidelines of a banking conference when asked if the bank was planning to raise interest rates.

The revision of interest rates have emerged after the Reserve Bank of India increased repo rate by 0.25 per cent, which was announced at last month's busy season credit policy, as part of its efforts to stem inflation.