Article: India: Nabard cuts interest rates on refinance by 0.5%.

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 ...

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