BoB hikes PLR by 75 bps to 14 pc

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Mumbai, Aug 11 (UNI) State-run Bank of Baroda (BoB) has raised its benchmark prime lending rate (PLR) by 75 basis points to 14 per cent with immediate effect.

The interest rates on new auto and consumer loans as well as new home loans of more than three million rupees would go up by 50 basis points, the bank said in a statement.

However, the revision will not apply to the existing home, education, auto loans and also new loans of upto Rs 30 lakh, BoB said.

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