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Syndicate Bank ties up with Punjab Tractors

COIMBATORE: Syndicate Bank has signed a memorandum of understanding with Punjab Tractors to provide a scheme for farmers to buy the company's tractor. A release from the bank said the interest rate charged would be PLR/PTLR minus 2 per cent for loans up to Rs. 2.50 lakhs and PLR/PTLR minus 1 per cent for loans exceeding Rs. 2.50 lakhs. — Our Staff Reporter

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