Canara Bank reduces interest rates

Canara Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on loans and advances by 10 basis points for overnight and one month tenor with effect from February 7, 2021.

According to a Canara Bank release, the tenor and interest rates are: Overnight and one month MCLR, 6.7%, three months MCLR, 6.95%, six months MCLR, 7.3% and one year MCLR, 7.35%.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *