After RBI policy rate hike, several banks raise lending rates

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In a response to the Reserve Bank of India’s recent hike in the benchmark interest rate, several leading banks have amended their lending rates accordingly. Punjab National Bank set its Repo Linked Lending Rate at 8.35 percent, effective from October 8. Indian Bank has increased its lending rate to 8.20 percent, while Bank of Baroda has set its new rate at 8.15 percent.

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After RBI policy rate hike, several banks raise lending rates

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