Canara Bank has slashed its marginal cost of funds based lending rates (MCLR) by 5 bps for various maturities. For overnight, the new MCLR will be 8.10 per cent, while for one month and three month maturities new MCLR will be priced at 8.15 per cent and 8.20 per cent, respectively and for six month and one year, the new MCLR are set at 8.35 per cent and 8.40 per cent, respectively. The new rates are effective from 6th June, 2017.
2017-05-23 :BBMP partners with Canara Bank to felicitate easier property tax payments
In a bid to reduce the problems faced by senior citizens while paying their property tax online, Bruhat Bengaluru Mahanagara Palike (BBMP) has announced to collaborate with Canara Bank to make the process of property tax payment easier. For this purpose, BBMP is planning to set up stalls at various locations in the city which will accept property tax payments in cash up to Rs. 25,000
2017-05-09 :Canara Bank posts net profit of Rs. 214.18 crore
Canara Bank has posted a net profit of Rs. 214.18 crore during the fourth quarter. The bank notifies that the profitability is due to decrease in its cost of deposits to 6.25 per cent from 6.94 per cent last year and increase in non-interest income by 73.25 per cent to Rs.2,396 crore.
2017-03-31 :Canara Bank reduces base rate by 10 basis points
Canara Bank has reduced its base rate by 10 basis points to 9.4 percent from 9.5 percent earlier. All loans and advances related to the current base rate will become cheaper by 10 basis points. The new base rate will be effective from 1st April, 2017.
2016-12-08 :Canara Bank cuts MCLR by 15 basis points
Canara Bank has reduced its overnight and three months marginal cost of lending rate to 8.90 and 9.05 percent from 9.05 and 9.20 percent earlier. The bank has also reduced its six months and one year lending rates by 15 basis points to 9.10 and 9.15 percent from 9.25 and 9.30 percent respectively. Revised rates are effective from 7th December, 2016.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.