NEWS & ADVICE : SAVINGS ACCOUNTS
Lending rate of Canara Bank goes up by 0.25%
By Vaibhav Aggarwal
Jan 2, 2014
Print    Email    RSS   

Earlier in the month, even in the mid quarter review of RBI the policy rate was still the same however the minimum rate of lending or base rate of Canara Bank went up today to 10.20 percent, a hike of 0.25 percent.

After the official policy announcement made by the RBI, Canara Bank which is stated owned was the first bank to hike their base rate. This move will also make auto, home and various other loans more expensive. In the recent filing done by Canara Bank at BSE, the base rate was modified to 10.20 percent from 9.95 percent.

It also stated that the prime lending rate benchmark has been aligned from 14.20 percent to 14.45 percent. Effective January 1, the new rates would come to light, as well as based on the market situation; the loaning rate has been aligned by the bank.

The policy rates of the RBI were still the same as per the review that was made during the mid quarter.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
12 point conduct checklist for bank and...
Personal Finance for the 21st century...
Carnival of Indian Personal Finance Blogs #6
PPF- How good an investment option!!
Carnival of Indian Personal Finance Blogs #4


SBI Saving Bank Account Balance enquiry
how to check balance
i want to know my saving account ballance
I WANT TO DETAILS OF SBI A/C NO IS 36051269987
Saving Account No. 30604014936 States
how to know my sbi account number

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive