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Canara Bank hikes lending rate by 5bps

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TNN / Aug 10, 2024, 05:54 IST

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Canara Bank hikes lending rate by 5bps

NEW DELHI: State-owned

Canara Bank

on Friday raised the marginal cost of funds-based

lending rate

by 5 basis points (100bps = 1 percentage point), across tenors, making most of the consumer loans costlier. The

new rates

are effective from Aug 12.

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