Financial Daily from THE HINDU group of publications
Wednesday, May 10, 2006
Financial Daily from THE HINDU group of publications Wednesday, May 10, 2006 |
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Money & Banking
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Interest Rates Vijaya Bank hikes PLR to 11.25 pc Our Bureau
Bangalore , May 9 Vijaya Bank has its benchmark prime lending rate (BPLR) hiked by 25 basis points in line with industry trend. The new BPLR of 11.25 per cent takes effect from May 10, according to a bank release. The hike would also lead to an increase in loan segments linked to the BPLR. The bank has also hiked domestic term deposits for maturities for up to 3 years and above by 25 basis points to 7.25 per cent. Simultaneously, the bank has also hiked the housing loan rates. The fixed lending rates for tenures of 5 years are currently 8.50 per cent, up 50 basis points over the previous rates. The floating rates for home loans would now start from 8 per cent for five years. In February this year, the bank had fixed the floating rate to 7 per cent.
More Stories on : Interest Rates | Public Sector Banks
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