Cheaper loans: PSU banks on rate cutting spree
Canara Bank has cut its Prime Lending Rates, or PLR, for the second time in February by another 25 bps. SBI has cut PLR by 25 bps to 12.25% from February 27, reports CNBC-TV18 quoting Newswire 18. Bank of India and Union Bank have each reduced PLR by 50 bps to 12.75%.
