BANGALORE, Apr 30: Public sector lender Canara Bank today announced a cut of 0.25 per cent on its base rate from 10.75 per cent to 10.50 per cent, effective from May 1, 2012.
The Bank also cut its prime lending rate by 0.25 per cent from
15 per cent to 14.75 per cent, the Bank said in a release here.
The deposit rates also have been reduced by 10 basis points to 50 basis points (100 basis points is equal to one per cent) under select maturities with effect from tomorrow.
The bank has also offered an additional 0.25 per cent reduction to all agricultural term loans effective from the same date.
(UNI)
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