State-run lender Punjab & Sind Bank today hiked its minimum lending rate or base rate by 25 basis points (bps) to 10.25%.
The city-based bank also hiked its benchmark prime lending rate (BPLR) to 14.75% from 14.50% with immediate effect, PSB said in a filing to the Bombay Stock Exchange (BSE).
Further, the bank has also paid a dividend of Rs 36.61 crore to the government for the financial year 2010-11.
Shares of PSB closed at Rs 100.80, down 0.35% from previous close on the BSE.
