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Canara
Bank cuts PLR by 25 basis points
Our Banking Bureau
7 May 2002
Bangalore: Canara Bank has slashed its prime
lending rate (PLR) by 25 basis points to 11.50 per cent from 11.75
per cent, following the recent cut announced by the Reserve Bank
of India.

The bank’s prime-term lending rates remain unchanged at 12 per
cent.
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