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PNB may up PLR by up to half a per cent

April 04, 2007 12:48 IST
Source:PTI

Country's second largest public sector lender Punjab National Bank said on Wednesday it might increase prime lending rate in the range of 25 to 50 basis points, but a decision had not been taken.

"We have not taken any decision but there could be a case for hike in PLR by 25 to 50 basis points," PNB Chairman and Managing Director S C Gupta told reporters in New Delhi.

Regarding home and consumer loans, he said the bank was reviewing the situation.

"The asset liability committee will take decisions in a week," he said. 

Source: PTI
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