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Canara Bank Retains Interest Rates on Loans/Advances

News Desk, News Nation 360 : Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Fund Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from July 7, 2021. Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.07.2021 : Overnight MCLR : Existing MCLR - 6.70%, MCLR (w.e.f. 07.07.2021) - 6.70%, One Month MCLR - 6.70% - 6.70%, Three Month MCLR 6.95% - 6.95%, Six Month MCLR : 7.30% - 7.30%, One Year MCLR : 7.35% - 7.35%. Repo Linked Lending Rate (RLLR) continues to be at 6.90%. 

Report : Anustup Kundu