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Canara Bank reduces interest rates on loans
Canara Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on loans / advances by 10 basis points for overnight and one month tenor with effect from February 7.
No change in Canara Bank interest rates
Bengaluru: Canara Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on loans / advances by 10 basis points for overnight and one month tenor with effect from February 7.
The overnight and One-Month MCLR is now 6.70 per cent, Three- Month MCLR 6.95 per cent, Six-month MCLR 7.30 per cent, and one year MCLR 7. 35 per cent, it said in a statement on Monday.
"Repo Linked Lending Rate (RLLR) continues to be at 6.90 per cent", it was stated.
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