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Bloomberg Quint
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UCO Bank And Karur Vysya Bank Reduces Its Lending Rate After MPC Decision
- UCO Bank and Karur Vysya Bank have reduced their repo-based lending rate (RBLR) by 25 and 30 basis points respectively.
- UCO Bank brought down its RBLR to 8.8% and Karur Vysya Bank reduced its repo rate to 9.30% from 9.60%.
- The revised repo rates for both banks will be effective from April 10.
- Shares of UCO Bank and Karur Vysya Bank closed lower after the announcement.
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