IndusInd Bank hikes lending rate
The IndusInd Bank has hiked its benchmark prime lending rate by 0.75 per cent to 17 per cent with effect from August 4.
Public sector Indian Overseas Bank on Tuesday announced 0.50 per cent hike in benchmark lending rate to 14 per cent with effect from August 16, but spared housing loans up to Rs 30 lakh and education advances from the increase.