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Published on Wed, Apr 11, 2007 at 12:56 | Source : Moneycontrol.com
Updated at Wed, Apr 11, 2007 at 20:55
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Punjab National Bank has hiked PLR rates by 75 bps to 13%. This hike is effective from April 16.
The move comes in the wake of the Reserve Bank of India's move on March 30 to hike the repo rate and cash reserve ratio by 50 basis points.
This is part of the Central Bank's strategy to control money supply in the system and rein in inflation
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The move comes in the wake of the Reserve Bank of India's move on March 30 to hike the repo rate and cash reserve ratio by 50 basis points. 
