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China lifts controls on lending rates to halt economic slide

Last Updated: Friday, July 19, 2013, 22:10

In a big liberalisation step, China today lifted controls on banks allowing them to set their own lending rates, a move to arrest slowdown and spur growth.

Punjab & Sind Bank cuts lending rate by 0.26%

Last Updated: Friday, July 19, 2013, 19:37

State-owned Punjab & Sind Bank Friday announced a cut of 0.26 percent in minimum lending rate to 9.99 percent, a move which will lower EMIs.