Tag: Bank news
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Banks working on restructuring plan
(Pooja Dubey, Intern Journalist) The Reserve Bank of India, in view of the facilities of customers at the time of the Coronavirus epidemic, gave them the facility of loan moratorium, which will expire after 31 August. Now customers are worried about what will happen to their loan after this. But the RBI allayed their concerns…
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Canara Bank made loan cheaper
(Deepshikha Gautam, Intern Journalist) New Delhi: Canara Bank on Thursday cut its fund’s marginal cost-based interest rate by 0.30% for various periods. Canara Bank reported that it has been reduced to 7% with a reduction in lending rates of 1 day and 1 month by 0.20%. The three months MCLR has been reduced from 7.45%…