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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.
Canara Bank cuts repo-linked lending rate by 40 bps, MCLR by 20 bps

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