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This is an archive article published on June 16, 2009

Canara Bank sees interest rates going down

State-run Canara Bank sees interest rates going down and will review rates by month-end,Chairman A.C. Mahajan said on Tuesday.

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State-run Canara Bank sees interest rates going down and will review rates by month-end,Chairman A.C. Mahajan said on Tuesday.

“Rate of interest as you are all aware is going southwards. Rates will definitely come down,” he said.

“We have an ALCO (asset-liability committee) meeting at the end of the month. We will come out with an appropriate decision,” Mahajan said without elaborating.

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