Punjab & Sind Bank was the biggest gainer in the PSU Bank index, zooming 6.15 percent, followed by Bank of Baroda, UCO Bank, Union Bank of India, Central Bank of India and Canara Bank
Shares of the bank were trading 2.80 per cent higher at Rs 170.85 apiece at around 1:30 pm after the company said its total business crossed the Rs 21 lakh crore milestone in the quarter ended March.
Effective from 12.03.2023, the Marginal Cost of Funds Based Lending Rate (MCLR) of Canara Bank is going to hike its MCLR and the MCLRs will be effective till the next review.