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Article: India: Nabard cuts interest rates on refinance by 0.5%.
- Article from:
- TendersInfo
- Article date:
- November 6, 2009
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Byline: babalu03
The National Bank for Agriculture & Rural Development (Nabard) has reduced its interest rates on refinance for investment credit by 0.5% for lending made by various rural financial institutions (RFIs).
The revised interest rates will be 8% for commercial banks and 7.5% for co-operative and regional rural banks, with effect from November 3, a press release from Nabard said.
A special relaxation ...