Canara Bank cuts prime lending rate again

February 20th, 2008 - 8:42 pm ICT by admin  

Bangalore, Feb 20 (IANS) State-run Canara Bank Wednesday slashed its benchmark prime lending rate by 25 basis points or 0.25 percent. The Bangalore-based bank said in a statement here that its prime lending rate (PLR) would be 12.75 percent from Feb 25.

The latest reduction comes a fortnight after the bank reduced its PLR to 13 percent from 13.25 percent.

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