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This is an archive article published on July 7, 2011

Punjab & Sind Bank raises lending rates by 25 bps

Shares of PSB closed at Rs 100.80,down 0.35 per cent from previous close on the BSE.

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State-run lender Punjab & Sind Bank on Thursday hiked its minimum lending rate or base rate by 25 basis points to 10.25 per cent.

The city-based bank has also hiked its benchmark prime lending rate (BPLR) to 14.75 per cent from 14.50 per cent with immediate effect,PSB said in a filing to the Bombay Stock Exchange (BSE).

Further,the bank has also paid a dividend of Rs 36.61 crore to the government for the financial year 2010-11.

Shares of PSB closed at Rs 100.80,down 0.35 per cent from previous close on the BSE.

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