UCO may cut homeloan rates

Public sector lender UCO Bank has said it may cut down home loan rates by 50 basis points. 8220;We have already cut down home loan rates by 50 basis points and may further cut down the rates by another 50 basis points,8221; UCO Bank chairman and managing director S K Goel said. The final desicion on the lowering of interest rates by UCO bank shall be taken in its board meeting on March 15.