"The bank has revised the base rate for lending from 10 percent per annum to 9.90 per cent per annum with effect from August 24," Corporation Bank said in a filing to the BSE.
    
Meanwhile, yesterday, United Bank of India had announced a cut in deposit rates for various maturities by 0.25-0.50 percent.
    
Earlier this month, Punjab National Bank had also cut interest rates on fixed deposits of select maturities by up to 0.50 percent.
    
Shares of Corporation Bank today closed at Rs 53.05 a piece on BSE, down 2.05 percent.

 

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