UBI to Cut Bulk Deposit Rates From Monday

New Delhi: Public sector lender United Bank of India on Thursday said it will cut interest rates on bulk deposits of Rs 1 crore and above for various maturities by 0.25-1.5 per cent from Monday. "The bank has reduced its interest rates on deposits up to Rs 1 crore by 25 basis points (0.25 per cent) to 50 bps (0.5 per cent)," it said in a regulatory filing. For deposits above Rs 1 crore, the rate of interest will be cut in the range...