2010-08-12

Canara Bank raises its Prime Lending Rates by 0.50%, from 12% to 12.5%

Canara bank has raised the benchmark prime lending rate (BPLR) by 50 basis points to 12.50%, from the earlier 12%. The rates will come into effect from August 12, 2010.

Canara Bank raises its Prime Lending Rates by 0.50%, from 12% to 12.5%

Canara bank has raised the benchmark prime lending rate (BPLR) by 50 basis points to 12.50%, from the earlier 12%. The rates will come into effect from August 12, 2010. The new revised rates will be valid for the borrowers under Micro, Small & Medium Enterprises (MSME) existing housing loans linked to BPLR and Personal Loan schemes.

The revised interest rates are, however, not applicable to the loans and advances approved after July 1, 2010, and to those borrowers, who have opted to switch over to Base Rate System.

Earlier, the central bank of our country the Reserve Bank of India (RBI) raised the short-term borrowing (reverse repo) rate by 50 basis points and lending (repo) rate by 25 basis points

Related opportunities
  • Diet Supplimentary
    Pahal Nutrition started its journey in 2020. Our headquarter is located..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2021
    Investment size Rs. 30lakh - 50lakh
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Sonipat Haryana
  • Electric Vehicles (E-Vehicles)
    Atiyas Mobility PVT LTD is a Bangalore-based company that is..
    Locations looking for expansion Karnataka
    Establishment year 2021
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Snacks / Namkeen Shops
    Chitra Coffee Bar, a Beverage and refreshment brand owned by..
    Locations looking for expansion Tamil nadu
    Establishment year 2000
    Franchising Launch Date 2015
    Investment size Rs. 10lakh - 20lakh
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Others Health Care & Fitness
    Hair's Culture Studio was established in 2010 as a global..
    Locations looking for expansion Tamil nadu
    Establishment year 2020
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads