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Canara Bank retains interest rates on loans, advances
image for illustrative purpose
Hyderabad CANARA Bank has retained its Marginal Cost of Fund Based Lending Rate (MCLR) on loans and advances across all tenors with immediate effect. However, Repo Linked Lending Rate (RLLR) continues to be at 6.90 per cent. The new tenor linked MCLRs of the bank shall be as shown below.
| Tenor | Existing MCLR | New MCLR |
| Overnight MCLR | 6.70% | 6.70% |
| One month MCLR | 6.70% | 6.70% |
| Three month MCLR | 6.95 % | 6.95% |
| Six month MCLR | 7.30% | 7.30% |
| One year MCLR | 7.35% | 7.35% |
