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Our Bureau

Mumbai, Dec. 14

Centurion Bank of Punjab has hiked its prime-lending rate by 50 basis points to 13 per cent with effect from December 18.

The revision in rates is in line with prevailing trends in the market, said a press release by the bank. The deposit rates have also been marked up by 25-50 basis points across various maturities, with effect from December 18. ICICI Bank was the first to raise lending rates by 50 basis points after the CRR hike.

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