PNB hikes PLR by 75 bps to 13% pa

New Delhi, Apr 11 (UNI) Punjab National Bank today announced a 75 basis points hike in its benchmark prime lending rate (BPLR).

The bank has revised the BPLR to 13 per cent per annum from the existing level of 12.25 per cent.

The new rate will be effective from April 16, it informed the bourses.

Other banks including the State Bank of India, ICICI, Centurion Bank and Bank of Baroda have already increased their lending rates.

UNI