Yes bank raises PLR by 50 bps

Mumbai, Jun 16: Private sector lender Yes Bank, today announced an increase in Prime Lending Rate (PLR) and fixed deposits by 50 basis points with immediate effect.

The fixed deposits would earn an interest of 9.50 per cent per annum, increased from existing rate of 9.00 per cent. While, fix deposits by the senior citizen would earn an interest of 10.00 per cent per annum, which was earlier at 9.5 per cent, the bank said in a release here.

UNI