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 Money & Banking - Public Sector Banks
Canara Bank cuts retail loan rates

Bangalore, Oct. 17

Canara bank has reduced the lending rate on its retail loan products - CanMobile and Canbudget. A bank press release said that loan rates were reduced 25 basis points to 11.50 per cent on CanMobile,a vehicle financing product. The interest rate on Canbudget, a personal loan product, was brought down 50 basis points to 13.25 per cent, the release added. -- Our Bureau

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