Corporation Bank raises BPLR by 0.25% to 13%

Karnataka-based Corporation Bank on Thursday raised its benchmark prime lending rate (BPLR) by 0.25 per cent, from 12.75 per cent to 13 per cent, making loans more expensive for customers.

The upward revision will be with effect from December 13, the public sector bank said in a statement in Mumbai.

Another government lender, Punjab National Bank, had on Wednesday announced an upward revision in its BPLR by 0.75 per cent to 12.5 per cent.