Cheaper loans: Banks start slashing rates, more to follow

Three banks including ICICI Bank, Punjab National Bank and Bank of Maharashtra (BoM) on Thursday slashed their lending and deposit rates to the tune of 25-10 basis points. Many more banks including State Bank of India, Central Bank of India Corporation Bank, Indian Overseas Bank and IndusInd Bank are likely to follow the suit soon.

April 20, 2012 / 14:47 IST

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first published: Apr 19, 2012 09:53 pm

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Cheaper loans: Banks start slashing rates, more to follow

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