The country's top public sector lender, State Bank of India, on Monday said it is considering further reduction in lending rates.

"There is thinking (on these lines)," SBI Chairman OP Bhatt said when asked if there is a possibility of reducing the benchmark prime lending rate (PLR) by the bank. On the extent of cut in lending rates, the SBI chief said "it is difficult to say at this point of time" but indicated that it would not be less than 25 basis points.