Canara Bank launches 7 'SME Sulabh'

They are Agra, Chandigarh, Kolkata,  Madurai,  Pune and Trivandrum. These are centralised loan processing centres aimed at fast processing and quick delivery of credit to MSMEs. Canara Bank already has 38 SME branches.

Revises deposit rates
Canara Bank has revised the rate of interest on FCNR [B] deposits with effect from August 1, 2009, on varying maturities from 1 year to 5 years, as follows: For US$: 1 year & above but less than 2 years 2.50 per cent, 2 years and above but less than 3 years 2.56, 3 years and above but less than 4 year 3.17, 4 years and above but less than 5 years 3.64 and for 5 years only 4.00.

For GBP (British Pound): 1 year & above but less than 2 years 2.42, 2 years and above but less than 3 years 3.17, 3 years and above but less than 4 year 3.94, 4 years and above but less than 5 years 4.41 and for 5 years only 4.69.

For EUR (Euro): 1 year & above but less than 2 years 2.35, 2 years and above but less than 3 years 2.79, 3 years and above but less than 4 year 3.25, 4 years and above but less than 5 years 3.58 and for 5 years only 3.83