UCO Bank to slash lending rates next week

By IANS,

Kolkata : The city-based UCO Bank will cut its deposit and lending rates by 50 basis points soon, a top bank official said here Friday.

---

Support TwoCircles

---

“We would cut both the deposit and lending rates by 50 basis points from June 27,” UCO chairman and managing director S.K. Goel told IANS.

At present, the bank’s benchmark prime lending rate is 12.5 percent while the deposit rates vary according to the maturity period.