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UBI cuts rates for loans to medium and small sector by 0.75%

Last Updated: Tuesday, September 11, 2012 - 20:00

Kolkata: State-owned United Bank of India (UBI) Tuesday said it has cut interest rates by 0.75 percent to 2.75 percent on medium and small loans above Rs 1 crore.

The rates will be effective from September 10, the city-based bank said in a statement.

UBI had already reduced the interest rates for the sector for loans below Rs 1 crore by 0.50 percent to four percent with effect from August 15, 2012, it added.

PTI

First Published: Tuesday, September 11, 2012 - 20:00
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