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Central bank may cut retail loan rates

Central bank may cut retail loan rates by 25-50 bps

Apnaloan.com Research Bureau

07 Feb 2008

Central Bank of India is reviewing the interest rates on all its retain loan products and may cut lending rates on some of them by 25-50 basis points.

These products include trade loans, and loans to small and medium scale enterprises, small scale industries, and cold storages.

Prime lending rates and deposit rates are likely to be steady till the end of this financial year.