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UCO bank to cut PLR

UCO bank to cut PLR by 25 bps; Corporation bank may follow

Apnaloan.com Research Bureau

02 Feb 2008

UCO bank is set to cut its benchmark prime lending rate (PLR) by 25 basis points to 13.25 per cent.

The bank is also looking at reducing its deposit rates across various maturities by 25 basis points.

Corporation bank is also reviewing its lending rates and is likely to take a call to reduce rates in the next few days. The bank's current PLR is 13.25 per cent.