Price Update11 Aug 2026, 06:50 pm
Canara Bank Revises MCLR Effective August 12, 2026
AI Summary
Canara Bank has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) effective August 12, 2026. The filing details the new MCLR rates across various tenors, including Overnight, One Month, Three Month, Six Month, One Year, Two Year, and Three Year. This adjustment is a standard operational update for the bank, influencing its lending products and potentially impacting borrowing costs for its customers. Specific rate changes are provided in the filing for each tenor.
Key Highlights
- Canara Bank updates its Marginal Cost of Funds Based Lending Rate (MCLR).
- The revised MCLR rates will be effective from August 12, 2026.
- New rates are specified for tenors ranging from Overnight to Three Years.
- This is a routine adjustment impacting lending rates.
Price Impact
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