Corp bank slashes lending rates

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Mangalore, Feb 6 (UNI) With a view to augment the flow of credit to small enterprises, Corp Bank has slashed the lending rates by 25 base points on advances to small enterprises, including micro enterprises.

In a press release here today the Bank had also reduced the lending rates by 50 bps on Corp Laghu Udyami and retail lending products like Corp Consumer and Corp Mortgage Loans.

The revised rates would be effective from February 15, for existing as well as fresh loans.

Further, the bonanza of 50 bps reduction in interest rate offered on housing and vehicle loans would be extended up to March 31, the release added.


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