The list includes Vijaya Bank, Punjab National Bank, Canara Bank and ICICI Bank. Indian Overseas Bank today sent notices to its branches informing them of a 25 basis points (0.25 per cent) reduction in interest rates on housing loans, effective from November 1.
While Canara Bank is contemplating a reduction of 25 basis points, Vijaya Bank proposes to realign interest rates for loans with over 5 years tenure.
