Date:21/02/2007 URL: http://www.thehindubusinessline.com/2007/02/21/stories/2007022103180600.htm

Back Centurion Bank of Punjab hikes PLR by 100 bps

Our Bureau

Mumbai, Feb. 20

Centurion Bank of Punjab has raised the prime lending rate by 100 basis points to 14.50 per cent per annum, effective March 1. "In recent months, we have witnessed a plethora of fiscal and monetary measures from the Government and the central bank to control inflation. We will, however, try to pass on the benefits to our customers through a higher deposit rate," said Mr Shailendra Bhandari, Managing Director and CEO, Centurion Bank of Punjab, in a press release.