Bank Auto Loan Rates | PNB Raises Loan Rates By 50 Basement Points

Both new and existing housing, auto and other loans will turn costlier by at least 50 basement points.

On hiking deposition rates, Kamath said, "The bank would examination deposition rates later, depending on how credit expansion picks up in the forthcoming months."

Yesterday, the Reserve Bank hiked key short-term lending and borrowing rates by 50 basement points any with evident outcome to plunge into inflation.

The short-term lending (repo) rate right away stands at 7.25 per cent and the borrowing (reverse repo) rate at 6.25 per cent.

Following this, IDBI Bank had lifted its bottom rate and BPLR by by 50 basement points each.

Shares of PNB were trade at Rs 1,119.10 on the BSE today, up 2.43 per cent from the formerly close.