Little scope to cut PLR: PNB

“Under the present circumstances and rigidity there is very little scope for reduction in PLR… If we are able to reduce interest cost on deposit and reserve requirements,there could be a case for reduction in the interest rates,” PNB Chairman and Managing Director K C Chakrabarty said in New Delhi.

On the merger of PNB Gilts with itself,he said,it is like to be merged with the bank during the current fiscal.