Union Bank of India and United Bank of India (UBI), on Monday cut lending rates by 25-50 basis points (bps) ahead of Finance Minister P Chidambaram`s meeting with PSU bank chiefs on Tuesday, reports Business Standard.

ICICI Bank, has also said that it will review its interest rates in the next few days after seeing the impact of the Reserve Bank of India`s (RBI`s) recent steps on liquidity.

ICICI Bank said that they will review interest rates after watching the impact...