ICICI Bank and Punjab National Bank have decided to hike their lending rates. ICICI Bank has decided to increase its external benchmark lending rate. These rates have come into effect from 5 August 2022.
At the same time, after the decision of Punjab National Bank to increase the I-EBLR, it has become 9.10%. PNB has decided to increase its RBI related debt RLLR. It has increased from 7.40% to 7.90%. These new rates will be effective from 8 August 2022.