IndusInd Bank hikes PLR by 75 bps to 17 pc

New Delhi, Aug 6: IndusInd Bank Ltd said it has raised its Prime Lending Rate (PLR) by 0.75 per cent to 17 per cent from 16.25 per cent. The 75 bps PLR hike will be effective from August 4, the Bank said in a statement, adding that it has also revised NRE and FCNR deposit rates with effect from August 1.

For domestic customers, the Bank offers 10 per cent deposit rate on 400 days deposit and 8.75 per cent on 200 days deposit.

UNI