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PSB hikes BPLR to 11.5% from 11%

By Staff
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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.

UNI RA PV KP1649

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