Canara Bank reduces Interest rates on loans/advances by 10 basis points for Overnight and One Month tenor with effect from 07.02.2021

Canara Bank, a leading Public Sector Bank, has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans / Advances by 10 basis points for Overnight and One Month tenor with effect from February 7, 2021.

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.02.2021:

Overnight MCLR - 6.70%
One-Month MCLR - 6.70%
Three- Month MCLR - 6.95%
Six-Month MCLR - 7.30%
One Year MCLR - 7.35%

Repo Linked Lending Rate (RLLR) continues to be at 6.90%.

Shares of CANARA BANK was last trading in BSE at Rs.158.4 as compared to the previous close of Rs. 160.8. The total number of shares traded during the day was 1089539 in over 5235 trades.

The stock hit an intraday high of Rs. 163.8 and intraday low of 157.65. The net turnover during the day was Rs. 174551702.

Source : Equity Bulls

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