• search

PSB hikes BPLR to 11.5% from 11%

Written by: Staff
Subscribe to Oneindia News

New Delhi, May 4 (UNI) The Punjab and Sind Bank today said it has raised its Benchmark Prime Lending Rate (BPLR) to 11.5 per cent from the earlier 11 per cent.

Accordingly, the rate of interest on advances linked with BPLR will go up by 0.5 per cent, a statement released here said.

The bank has, however, decided not to pass on the effect of the hike in BPLR to Small Scale Industries and Small and Medium Enterprises, which the bank has identified as thrust areas for lending.


For Breaking News from Oneindia
Get instant news updates throughout the day.

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more