A number of public sector banks (PSBs) on Wednesday cut their rates for retail loans, following a strong suggestion in this regard from the government. State Bank of India (SBI), Dena Bank and Corporation Bank were among those which announced a reduction in rates on car, two-wheeler and consumer durable loans.
On Tuesday, Punjab National Bank and Oriental Bank of Commerce had cut their rates. Last week, Finance Minister P Chidambaram said the government would provide additional capital to PSBs, to enable them to offer loans to the retail segment at lower rates, especially for two-wheelers and consumer durables.
Read more >> Click here
No comments :
Post a Comment