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Monday, February 11, 2013

UCO Bank cuts base rate by 30 bps

UCO Bank has reduced 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.

Source: thehindubusinessline


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