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Canara Bank cuts
MCLR rate by 10 bps to 9.4% from April 1
Public sector Canara Bank announced 0.10 percentage point reduction in
its MCLR-based lending rate to 9.40 per cent from April 1, making loans cheaper
for consumers.
The
bank has revised its base rate (based on MCLR) from 9.50 per cent to 9.40 per
cent, a reduction of 10 basis points (0.10 per cent) with effect from April 1,
2017
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