UCO Bank to slash lending rates next week
By IANSFriday, June 19, 2009
KOLKATA - The city-based UCO Bank will cut its deposit and lending rates by 50 basis points soon, a top bank official said here Friday.
We would cut both the deposit and lending rates by 50 basis points from June 27, UCO chairman and managing director S.K. Goel told IANS.
At present, the bank’s benchmark prime lending rate is 12.5 percent while the deposit rates vary according to the maturity period.
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