Date:02/01/2009 URL: http://www.thehindu.com/2009/01/02/stories/2009010260591700.htm

Business - Briefly

Canara Bank reduces lending rates

BANGALORE: Canara Bank has revised its prime lending rate (PLR) by 75 basis points from 13.25 to 12.50 per cent, applicable also to the housing sector. The rate of interest on automobile loans has been reduced by 50 basis points, from 12.50 per cent to 12 per cent. — Special Correspondent