ENA Economy 2022-06-02 10:32:11 <p><strong>Mumbai, June 2 (KNN)</strong> Lending majors Punjab National Bank and HDFC have hiked their lending rates by 5 basis points and 15 basis points, respectively.</p> <p>After the recent hike in Reserve Bank of India (RBIs) repo rate by 40 basis points banks have increased their interest rates.</p> <p>Following the announcement on Wednesday the revised rates for the new borrowers will be between 7.05 per cent and 7.50 per cent depending on credit score and loan amount.</p> <p><strong><a href="https://news.google.com/publications/CAAqBwgKMJSHqwswkZLDAw/sections/CAQifkNCSVNXRG9pWjJGeVlXMXZibVJmY0hWaWJHbHphR1Z5WDNObFkzUnBiMjVmWldScGRHbHZia0lhWjJGeVlXMXZibVJmY0hWaWJHbHphR1Z5WDNObFkzUnBiMjV5RmdvVUNoSkhRVkpCVFU5T1JGOUdWVXhNWDA1QlRVVW9BQSoQCAAqBwgKMJSHqwswkZLDA1AB?ceid=IN:en&amp;oc=3"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></p> <p>Earlier Indias largest public sector bank, State Bank of India (SBI) and Bank of Baroda also hiked their lending rates.</p> <p>It is likely that the central bank will increase rates once again when it reviews its policy rate next week, to which RBI governor Shaktikanta Das called a no brainer. <strong>(</strong><em><strong>KNN Bureau)</strong></em></p> 29355 https://knnindia.co.in/news/newsdetails/economy/pnb-hdfc-raise-interest-rates 2022-06-02 10:32:11 knnindia.co.in