PNB increases lending rates to 6.50% after RBI's hike

PNB increases lending rates to 6.50% after RBI's hike

The rise in interest rates follows RBI's 25 basis point repo rate hike.

FPJ Web DeskUpdated: Wednesday, February 08, 2023, 09:00 PM IST
article-image

Through an exchange filing, state-owned lender Punjab National Bank has announced a hike in its lending rate for loans to 6.50 per cent.

The 0.25 per cent increase in interest rates has come as after a 25 basis point hike in repo rate by the Reserve Bank of India.

RECENT STORIES

Vedanta Group Biggest Wealth Creator In FY25 So Far; Adds Over ₹2.2 Lakh Cr In Market Cap

Vedanta Group Biggest Wealth Creator In FY25 So Far; Adds Over ₹2.2 Lakh Cr In Market Cap

Unexpected Twist: Mumbai-Based Founder's Punctuality Initiative For Latecomers Turns Costly; Fined...

Unexpected Twist: Mumbai-Based Founder's Punctuality Initiative For Latecomers Turns Costly; Fined...

SEBI Comes Out With Additional Surveillance Mechanism For Call Auction In Pre-Open Session For IPO

SEBI Comes Out With Additional Surveillance Mechanism For Call Auction In Pre-Open Session For IPO

Emcure Pharmaceuticals Receives SEBI Approval For IPO Launch

Emcure Pharmaceuticals Receives SEBI Approval For IPO Launch

Allied Blenders sets IPO price band at Rs 267-281/share

Allied Blenders sets IPO price band at Rs 267-281/share