Canara Bank retains Interest rates on loans/advances with effect from 07.01.2022

Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Fund Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from January 7, 2022.

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.01.2022:

Overnight MCLR - 6.55%
One Month MCLR - 6.55%
Three Month MCLR - 6.85%
Six Month MCLR - 7.20%
One Year MCLR - 7.25%

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

Shares of Canara Bank was last trading in BSE at Rs. 212.30 as compared to the previous close of Rs. 212.45. The total number of shares traded during the day was 667633 in over 4436 trades.

The stock hit an intraday high of Rs. 215.65 and intraday low of 209.75. The net turnover during the day was Rs. 142368879.00.

Source : Equity Bulls

Keywords

CanaraBank INE476A01014 MCLR Retained Loans Advances