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BoM cuts lending rates

BoM cuts interest rates on SME loans by 25 basis points

Apnaloan.com Research Bureau

13 Feb 2008

Bank of Maharashtra (BoM) has reduced interest rate on loans to small and medium enterprises (SME) by 25 bps.

This brings the interest rates for SME loans to 13 per cent for loans up to Rs. 5 lakh and 13.5 per cent for loans above Rs. 5 lakh up to Rs. 30 lakh.