CANARA BANK UPS BASE RATE BY 25 BPS

Canara Bank has revised its base rate upwards by 25 basis points (bps) -- from 10% to 10.25% with effect from July one.

It has also revised its benchmark PLR upwards by 25 bps -- from 14.25% to 14.50%.

The move is in the context of the hike in policy rates by the RBI as part of monetary measures, a Canara Bank statement said.

SOURCE: http://www.business-standard.com/india/news/canara-bank-ups-base-rate-by-25-bps/139783/on