IndusInd Bank increases PLR

IndusInd Bank has increased its prime lending rate (PLR) by 50 basis points.

So far, HDFC Bank, Jammu & Kashmir Bank and Yes Bank have announced an increase in PLR. IndusInd Bank's PLR has been revised to 16.25 per cent as compared with 15.75 per cent earlier. It has also increased deposit rates by up to 50 basis points.

At 16.25 per cent, IndusInd Bank's PLR is amongst the highest in the industry. Most banks are charging between 12.25-15.75 per cent.