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Bank of Maharashtra slashes rate by 25bps

BusinessBank of Maharashtra slashes rate by 25bps

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Bank of Maharashtra slashes rate by 25bps

NEW DELHI:

Bank of Maharashtra

has cut interest rate by 25 basis points on

retail loans

, including home and

car loans

, in line with reduction in repo rate by RBI. The benchmark rate for home loan has been reduced to 8.10%, one of the lowest in the

banking industry

, the bank said.

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