Union Bank of India lowers base rate and deposit interest rates

With effect from 27 January 2015

Union Bank of India announced that it has been decided by the Asset Liability Management Committee of the Bank on 15 January 2015, that the Base Rate of the Bank will be reduced from 10.25% to 10.00% w.e.f. 27 January 2015.

The Bank has also reduced interest rate on deposits in various buckets under retail and bulk deposits from 10 bps to 50 bps.

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