PNB, Centurion Bank hike interest rates | Latest News India - Hindustan Times
close_game
close_game

PNB, Centurion Bank hike interest rates

PTI | ByHTC
Nov 19, 2004 01:46 AM IST

Punjab National Bank has increased interest rates by 25 basis points on various maturities on domestic term deposits up to five years. For 5 years and above, the rate has been hiked by 50 basis points from 5.50% to 6.00%.

Punjab National Bank has increased interest rates by 25 basis points on various maturities on domestic term deposits up to five years. For 5 years and above, the rate has been hiked by 50 basis points from 5.50% to 6.00%. Centurion Bank has increased interest rates by 25 to 75 basis points on various maturities. The deposit rates now stand between 4% and 6.5% for different maturities and the PLR at 11.5% per annum.

HT Image
HT Image

Meanwhile, Citibank India is to increase interest rates on certain loan products, including home loans, due to rise in cost of funds and new risk weight norms, the Citigroup India chief said today.

Hindustan Times - your fastest source for breaking news! Read now.

Unveiling 'Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch Now!

Get Current Updates on India News, Narendra Modi Live Updates along with Latest News and Top Headlines from India and around the world
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 01, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On