Canara Bank announced the revision of its benchmark PLR upwards by 50 basis points from 14.5 per cent to 15 per cent.
According to a bank's press release, the base rate has been increased from 10.25 per cent to 10.75 per cent. The bank has also revised the deposit rates upwards by 25-150 basis points. The new rates will be effective from August 1, the release said.