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UCO Bank cuts residence mortgage charge by 25 foundation factors

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KOLKATA: UCO Bank has reduce residence mortgage rates of interest by 25 foundation factors with impact from Wednesday, the lender stated.

The revised residence mortgage rates of interest begin from 6.90 per cent, regardless of mortgage quantity and occupation of the borrower.

The state-owned financial institution is assured of assembly the Rs 3,000 crore lending goal for retail and MSME segments for the festive season months of October and November and round Rs 1,900 crore had already been sanctioned.

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