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Canara Bank announces MCLR, RLLR and Base Rate

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Capital Market

Effective from 07 January 2020

Canara Bank announced the Marginal Cost of Fund based Lending Rate with effect from 07 January 2020 as under -

Overnight - 7.90%
One month - 7.90%
Three month - 8.20%
Six month - 8.35%
One year - 8.35%

The Repo Rate Linked Lending Rate (RLLR) for retail loans and MSME of Canara Bank is 8.05% with effect from 07 January 2020.

The Base Rate of Canara Bank is 9.10% with effect from 07 January 2020.

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First Published: Jan 06 2020 | 5:25 PM IST

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