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United Bank Of India Cuts Lending Rates By Up To 0.90%

United Bank Of India Cuts Lending Rates By Up To 0.90%

Thursday, January 5, 2017, 3:37 PM

After State Bank of India, ICICI Bank, HDFC Bank and Punjab National Bank, slashed their lending rates, United Bank of India has also cut its benchmark lending rate by up to 0.90%. With the reduction in the benchmark rate, home, car and other loans linked to MCLR, will also become cheaper. After demonetization, banks have been flooded with deposits and have lowered interest rates.
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