After PNB ( Punjab National Bank ) and Jammu and Kashmir Bank now it is Axis Bank has hike Prime lending rate ( PLR ) by 50 points after Central Bank the Reserve Bank of India (RBI) outlined strict measures to fight inflation by tightening liquidity.
Axis Bank's announcement was the latest in a series of banks going for PLR hike Wednesday as it revised its rate to 15.75 percent from 15.25 percent.
The new PLR - Prime Lending rates from Axis bank will be effective from July 30.
Axis bank official website :- www.axisbank.com/
