Business Standard

Canara Bank ups base rate by 25 bps

Image

Press Trust of India Bangalore

Canara Bank has revised its base rate upwards by 25 basis points (bps) -- from 10% to 10.25% with effect from July one.

It has also revised its benchmark PLR upwards by 25 bps -- from 14.25% to 14.50%.

The move is in the context of the hike in policy rates by the RBI as part of monetary measures, a Canara Bank statement said.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 29 2011 | 7:52 PM IST

Explore News