Punjab National Bank, Bank of Baroda and HDFC Bank have hiked their lending and deposit rates by up to 75 basis points.The statement issued by PNB in New Delhi said that the Bank has decided to revise the base rate by 50 basis points from 8.5 per cent to 9 per cent with effect from Monday. The base rate is the lowest rate below which banks cannot offer loans. With the increase in base rate, all loans taken from PNB would be dearer by at least 0.5 per cent for new borrowers.HDFC Bank hiked both deposit and lending rates by up to 75 basis points. Bank of Baroda has raised fixed deposit rates by 25 basis points across various maturities.The Bank of India and the State Bank of India have already hiked their deposit and lending rates.