IndusInd bank to icnrease PLR by 50 Basis points

Mumbai, Jun 24 (UNI) The IndusInd Bank has decided to increase its prime lending rates by 50 basis points.

The bank, which had already increased its short term deposit rates by a similar rate, would have new PLR at 16.25 per cent as against the existing 15.75 rates.

According to a Bank source, the effective date of upward revision of the rates woudl be announced later.

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