Money & Banking

Canara Bank hikes BPLR, base rate by 50 bps

Anjana Chandramouly Bangalore | Updated on July 28, 2011

Canara Bank has announced the revision of its benchmark PLR upwards by 50 basis points from 14.5 per cent to 15 per cent.

According to a press release from the bank, the base rate has been increased from 10.25 per cent to 10.75 per cent.

The bank has also revised the deposit rates upwards by 25-150 basis points. The new rates will be effective from August 1, the release said.

Published on July 28, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like