(Deepshikha Gautam, Intern Journalist) New Delhi: Canara Bank on Thursday cut its fund’s marginal cost-based interest rate by 0.30% for various periods. Canara Bank reported that it has been reduced to 7% with a reduction in lending rates of 1 day and 1 month by 0.20%. The three months MCLR has been reduced from 7.45% to 7.15%. Bank reduced MCLR of 6 months from 7.50% to 7.40%.
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