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Article: INDIA'S PUNJAB NAT'L BANK CUTS CAR LOAN RATE BY 50 BASIS PTS.
- Article from:
- AsiaPulse News
- Article date:
- March 2, 2009
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NEW DELHI, March 2 Asia Pulse - Taking cues from India's largest lender, State Bank of India (BSE:500112), public sector lender Punjab National Bank (BSE:532461) on Saturday announced a cut in car loan rates by 50 basis points with effect from tomorrow.
The car loan would come down to 10.5-11 per cent from the existing 11-11.5 per cent, PNB said in a statement.
Earlier this month, SBI had announced to freeze ...