Four PSU banks slash lending rates by up to 0.45%

[ahlam1399]

http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AArqmdn.img?h=100&w=100&m=6&q=60&o=f&l=fFour public sector lenders, including Indian Bank and Vijaya Bank, cut their benchmark lending rates by up to 0.45 per cent. Punjab & Sind Bank reduced the overnight marginal cost of funds based lending rate (MCLR) by 0.45 per cent to 8.15 per cent from 8.60 per cent. It reduced the one-month MCLR by 0.40 per cent to 8.20 per cent, while one-year lending will be cheaper by 0.15 per cent to 8.55 per cent. Chennai-based Indian Bank reduced the ...

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