Canara Bank has revised upwards its benchmark prime lending rate (BPLR) by 50 basis points to 12.50 per cent, from 12.00 per cent with effect from August 12.
The revised interest rates are, however, not applicable to the loans and advances granted after July 1, 2010, and to those borrowers, who have opted to switch over to Base Rate System.
The upward revision in interest rates is also applicable to the borrowers under Micro, Small & Medium Enterprises (MSME), existing housing loans linked to BPLR and Personal Loan schemes.
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