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    Canara Bank reduces Interest rates on loans/advances by 10 basis points for Overnight and One Month tenor

    Published on February 8, 2021

    Canara Bank, a leading Public Sector Bank, has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans / Advances by 10 basis points for Overnight and One Month tenor with effect from February 7, 2021.

    Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.02.2021:

    TenorInterest Rate (in %)
    Overnight MCLR6.70%
    One-Month MCLR6.70%
    Three- Month MCLR6.95%
    Six-Month MCLR7.30%
    One Year MCLR7.35%

    Repo Linked Lending Rate (RLLR) continues to be at 6.90%.