| BoB hikes PLR by 75bps, SBI, UBI move soon |
| BS Reporter / Mumbai April 5, 2007 |
| Bank of Baroda (BoB) took the lead among public sector banks to raise its prime lending rate (PLR), while the country's largest bank, State Bank of India (SBI), and Union Bank of India would decide their moves next week. BoB increased its PLR by 75 basis points following private sector ICICI Bank, HDFC Bank and UTI Bank, which raised their prime lending rates by 100 basis points earlier this week. The bank |
