• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Bangalore, June 28

Canara Bank on Saturday announced its decision to increase its benchmark primary lending rate by 50 basis points from 12.75 per cent to 13.25 per cent with effect from July 1. The interest revision comes in the wake of recent hike in cash reserve ratio and repo rates by the Reserve Bank of India. The bank in a press release, however, said interest rates on auto loans and housing loans are left untouched. Canara Bank will continue to focus on productive sectors such as agri culture, small and medium enterprises, education, infrastructure and other growth sectors its effort to rebalance its loan portfolios.

— Our Bureau

More Stories on : Interest Rates | Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Mutual funds turning to debt, trim equity

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line