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 Money & Banking - Interest Rates


Canara Bank hikes PLR

Our Bureau

Bangalore, May 3.

Canara Bank has increased its benchmark prime lending rate (BPLR) and also the rates for housing loans from March 5. The bank said it has raised the PLR by 50 basis points to 11.5 per cent; interest rates on housing loans have been fixed at 9 per cent for floating rate across all tenors while the fixed rate has been revised to 9.5 per cent for loans up to five years and for above five years the rate will be 9.75 per cent.

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