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BoM to cut lending rates

BoM likely to reduce lending rates

Apnaloan.com Research Bureau

04 Feb 2008

Bank of Maharashtra (BoM) is likely to reduce its lending rate in some segments.

As reported by Business Standard, according to chairman and managing director M D Mallya, the interest rate cut will be in the range of 0.25-0.50 per cent in some segments. While cutting rates, the bank will see that its existing customers are also benefited.