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
How to check balance in savings bank account
Carnival of Indian Personal Finance Blogs #4
12 point conduct checklist for bank and...
Carnival of Indian Personal Finance Blogs #3
PPF- How good an investment option!!


my sbi ac no is 30428849490. which is my branch.
MY ACCOUNT NO IN SBI IS 36120836791. WHICH IS MY...
my account has old new no open
SBI ACCOUNT HOLDER DETAILS OF ACCOUNT NUMBER...
can i know my account balance?
how can I change my bank account mobile 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