The Hindu Business Line : Corporation Bank cuts SME loan rates

Corporation Bank has reduced the lending rates by 25 bps on advances to small enterprises, including micro enterprises. A bank release said here on Tuesday that it has been done with a view to augment the flow of credit to small enterprises. The bank has also reduced the lending rates by 50 bps on ‘Corp Laghu Udyami’ and retail lending products such as ‘Corp Consumer’ and ‘Corp Mortgage’ loans. The revised rates will be effective from Fe bruary 15, for existing as well as fresh loans. The release said that the bonanza of 50 bps reduction in interest rate offered on housing loans and vehicle loans is extended up to March 31.

— Our Bureau

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