Canara Bank hikes lending rate by 50 basis points

Mumbai (Maharashtra) [India], August 6 (ANI): Canara Bank has decided to hike its repo rate linked lending rate by 50 basis points or 0.50 per cent to 8.30 per cent with effect from August 7.

Canara Bank's decision comes just a day after the Reserve Bank of India (RBI) hiked policy repo rate to tame inflation.

As per data updated on Canara Bank website, the interest rate on home loans will be increased to 8.10 per cent fo