PNB to hike repo-linked lending rate from next month

Repo rate is the rate at which banks borrow short term money from RBI. With effect from May 7, the city-headquartered lender had raised interest rates on term deposits in select buckets up to 0.60 per cent. A number of banks have already raise the repo-linked lending rates for their customers after the RBI rate hike. Some have also increased their deposit rates.

from Banking/Finance-Industry-Economic Times https://ift.tt/jkhcXTR