Canara Bank raises prime lending rate by 50 bps
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N.Sukumar
Jun 30, 2008, 2:45:24 AM6/30/08
to Kences1
MUMBAI: State-run Canara Bank has raised its benchmark prime lending
rate by 50 basis points to 13.25 percent with effect from Tuesday, it
said in a statement.
However, the interest rates on automobile loans and home loans have
been left untouched, it said late on Friday.
Last week, other banks such as the country's largest lender State Bank
of India, Union Bank of India , Punjab National Bank and Corporation
Bank have raised their respective prime lending rates.
N.Sukumar
Research Analyst
www.kences1.blogspot.com
rate by 50 basis points to 13.25 percent with effect from Tuesday, it
said in a statement.
However, the interest rates on automobile loans and home loans have
been left untouched, it said late on Friday.
Last week, other banks such as the country's largest lender State Bank
of India, Union Bank of India , Punjab National Bank and Corporation
Bank have raised their respective prime lending rates.
N.Sukumar
Research Analyst
www.kences1.blogspot.com
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