Public sector lender Union Bank of India on Wednesday said it has cut its benchmark prime lending rate by 25 basis points to 12 per cent per annum.
With this, the bank’s PLR would stand reduced to 12 per cent and be effective from July one, 2009.
UBI cuts its PLR by 25 bps
Union Bank of India said it has cut its prime lending rate by 25 basis points to 12% per annum.
