PNB, OBC cut interest rate on car, consumer goods loans - Economic Times

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PNB, OBC cut interest rate on car, consumer goods loans - Economic Times Oct 8th 2013, 15:53 (PNB and Oriental Bank of…) NEW DELHI: Within days of government promising more funds to PSU banks, two leading state-owned lenders PNB and Oriental Bank of Commerce (OBC) today cut interest rate on auto and consumer durable loans by up to 2.50 per cent to cash in on festive demand. Rate of interest on car loans has been reduced by over a per cent to 10.65 per cent on fixed basis, PNB said in a statement.

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