Punjab National Bank EMIs to go up after benchmark lending rate hiked by 0.15%
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The revision follows an off-cycle rate increase by the Reserve Bank in May. The central bank hiked the repo rate — at which it lends short-term money to banks — by 0.40 per cent to 4.40 per cent.The revision follows an off-cycle rate increase by the Reserve Bank in May. The central bank hiked the repo rate — at which it lends short-term money to banks — by 0.40 per cent to 4.40 per cent.
