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Canara Bank slashes rates

THIRUVANANTHAPURAM: Canara Bank has reduced its benchmark prime lending rate (BPLR) by 25 basis points with effect from February 25, the bank said in a press release here on Friday.

The bank had only last week reduced its BPLR by 25 basis points.

The present reduction, in effect, brings down the BPLR from 13.25 per cent to 12.75 per cent in less than a fortnight, the bank said. — Special Correspondent

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