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Money & Banking - Interest Rates
United Bank increases PLR

Kolkata, Aug 9

The United Bank of India has announced revision of benchmark prime lending rate from 13.75 per cent to 14.25 per cent in view of upward revisions of repo rate and cash reserve ratio by RBI, according to a press release issued by the bank. The revised rates will come into force from August 11. However, the interest rates on education and housing loans up to Rs 30 lakh and car loans have been kept out of the purview of the proposed upward revisions, the press release adds. & #8212;

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