Lending rates raised by Karnataka Bank : Rupee Times

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Lending rates raised by Karnataka Bank

Feb 22, 2011

Private sector lender, Karnataka Bank has announced a rise in its prime lending rate (PLR) as well as base rate with effect from February 14, 2011.

While the benchmark prime lending rate (BPLR) has been raised by 50 basis points, the base rate has seen 75 basis points hike.

The BPLR of the bank now stands at 15% while base rate stands at 9.75% following the hike.

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