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Our Bureau

New Delhi, Feb. 19

The board of directors of Punjab National Bank (PNB) is to meet on February 23 to among other things ratify its recent decision to hike its prime lending rate (PLR) by 50 basis points.

PNB had recently raised its PLR from 11.75 per cent to 12.25 per cent with effect from February 15. Indications are that this decision would come up for ratification at its forthcoming board meeting to be held at Goa.

More Stories on : Interest Rates | Punjab National Bank

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