 "Bank of Maharashtra")
Faced with competition from fellow financiers, Bank of Maharashtra (BoM) has slashed lending rates on retail loans — home and vehicle — by up to 40-basis points.
The revised rates are linked to borrowers’ credit score and come into effect from December 13. A S Rajeev, managing director (MD) & chief executive officer (CEO), BoM, said the bank has revised rates between 10 and 40 basis points that are linked to a person’s CIBIL score.
“Many of the bank’s customers have savings accounts with us but have taken loans, especially for housing, from other financiers,” he said.
The public sector lender will try
