Union Bank of India alludes at lowering lending rates
By Joseph Samson
Feb 29, 2012
Print    Email    RSS   

Public sector lender, Union Bank of India has alluded at reducing its lending rates in the near future. The largest lender in the country, State Bank of India has recently reduced its education loan rates.

The Chairman and Managing Director of Union Bank of India, Mr. M. V. Nair said, "If NIM (net interest margin) continues to hold strong, we may reduce rates especially on the retail sides like home loan and education loan."

"If the margins are above 3.3per cent in February we will pass the benefit to the customers," he said.

Earlier two other public sector lenders, Bank of Maharashtra and Central Bank of India also reduced their lending rates in various loan categories.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Bankers concerned on RBI loan recovery...
How to increase one’s Home Loan Eligibility
Fixed or floating interest rate home loan:...
J&K Bank raises PLR
e-filing of income tax returns at...

PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive