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Corporation Bank has further cut its lending rate by 0.05 percent

On Wednesday, the Corporation Bank has further revised its lending rate by 0.05 percent to 9.65 percent.

It said in a statement that “the state-owned bank has now revised the base rate from 9.90 per cent to 9.65 per cent with effect from October 8.”

Now, with the latest revision, the effective base rate cut is 0.25 percent, the bank earlier announced the reduction in rate from 9.90 percent to 9.70 percent.

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