Corporation Bank to cut deposit, retail lending rates

State-run Corporation Bank would cut its deposit and retail lending rates from Tuesday, its chairman said.

State-run Corporation Bank would cut its deposit and retail lending rates from Tuesday, its chairman said on Monday.

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"We are also reducing on the retail loans, housing loans, education loans, auto, personal loans. All the rates are coming down from tomorrow," J.M. Garg told reporters.

Garg said the bank would reduce its deposit rates by 50 to 75 basis points, and retail lending rates by 50 to 100 basis points.