IndusInd bank to icnrease PLR by 50 Basis points

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Mumbai, Jun 24 (UNI) The IndusInd Bank has decided to increase its prime lending rates by 50 basis points.

The bank, which had already increased its short term deposit rates by a similar rate, would have new PLR at 16.25 per cent as against the existing 15.75 rates.

According to a Bank source, the effective date of upward revision of the rates woudl be announced later.

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