Canara bank hikes PLR

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Mumbai, Jun 28 (UNI) Public Sector Canara Bank today announced a 50 basis point increase in its benchmark prme lending rate (PLR) in the context of the monetary measures leading to hike in the CRR and repo rates by the RBI.

The Bank, in a release here, said that effective July one the revised rates would be 13.25 per cent as against 12.75 per cent at present. However, the interest rates on auto loans and housing loans are left untouched, the Bank said.

Canara Bank would continue to focus on productive sectors like agriculture, education, infrastructure and other growth segments in its endeavour to rebalance its advances portfolio.


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