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UCO Bank trims base rate by 30 bps
SME News, Monday, Feb 11, 2013 18:20:59 PM IST
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KOLKATA: UCO Bank has slashed its base rate by 30 basis points to 10.20 per cent from the existing 10.50 per cent.
The benchmark prime lending rate has also been reduced by 50 basis points to 14.5 per cent.
The revised rates will come into effect from February 11, said a bank statement.
Earlier, the Reserve Bank of India has cut its repo rate as well as Cash Reserve Ratio (CRR), after which major banks including PNB, SBI have reduced their lending rate.
