Dena Bank, a leading public sector lending institution, has brought down home loan interest rates by 0.25 percent for new borrowers. Alongside, it also reduced interest rates on new auto loans by 0.5 percent. The new loan rates will take effect from March 16, the bank said in a press release.
The bank has also slashed interest rates on trade finance scheme by 0.25 percent. Many other public and private sector banks have already reduced their lending rates following a directive issued by Reserve Bank of India. ICICI Bank, a leading public sector lender has revised its home loan rates a few days ago. Bank of Baroda, Union Bank of India and United Bank of India were the other lending agencies to lower their lending rates for new home. | 
