Lending rates of Indian Bank see hike
By Vaibhav Aggarwal
Feb 22, 2011
Print    Email    RSS   

Public sector lender, Indian Bank has announced rise in lending rates by as much as 25 basis points with effect from February 18, 2011.

The benchmark prime lending rate (BPLR) of the bank now stands at 13.75% as against 13.5% earlier.

Following this hike, all loans inclusive of car as well as home loans would get dearer by atleast 25 bps.

The move by the bank follows many lenders in the banking space who have already announced a rise in both deposit as well as lending rates. The largest lender of the country, State Bank of India has recently hiked interest rates on both deposits as well as advances.

The interest rate hike has been triggered by the policy rate hike by Reserve Bank of India in the monetary policy review on January 25.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

A Complete Guide on Car Loans for NRIs
Carnival of Indian Personal Finance Blogs #2
Selecting the appropriate car loan
Managing loans through difficult times
Carnival of Indian Personal Finance Blogs #4

Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive