UBI, Canara Bank Revised Interest Rates

United Bank of India (UBI) and Canara Bank on Thursday has revised their interest rates.

 

While UBI increased the lending rates and cut interest rates on deposits, Canara Bank raised the fixed deposit rates across maturities.UBI raised the Base Rate, or the minimum lending rate, to 10.50 per cent from 10.25 per cent with effect from Thursday, according to a BSE filing.

Canara Bank increased the interest rates it offers on fixed deposits of ranging from Rs.1 crore to Rs.10 crore for 46-90 days to 8.25 per cent from 7.75 per cent, it said in a BSE filing.