Date:11/11/2008 URL: http://www.thehindu.com/2008/11/11/stories/2008111156181500.htm

Business - Briefly

Canara Bank reduces home loan rates

BANGALORE: Canara Bank has reduced interest rates (floating) by 75 basis points on housing loans sanctioned on or after November 10. For tenures of up to five years, the rate will now be 9.50 per cent for loans up to Rs. 30 lakh and 10.25 per cent for loans above Rs. 30 lakh. — Special Correspondent