Vijaya bank reduces interest rate on MSME loans

BANGALORE: Vijaya Bank has reduced the rate of interest on MSME (micro, small and medium enterprises) loans by up to 0.75 per cent with effect from tomorrow.

"Apart from this, wherever the borrower's account is rated by an external credit agency, the Bank extends further reduction in rate of Interest ranging from 0.25 per cent to one per cent", it said in a statement.