Canara Bank cuts repo-linked lending rate by 40 bps, MCLR by 20 bps
Updated : June 06, 2020 09:06 PM IST
The revised lending rates will be effective from June 7, Canara Bank said in a regulatory filing on Saturday.
The one-year MCLR has been revised down to 7.65 percent from the existing 7.85 percent. For six months, the rate has been reduced to 7.60 percent.