Canara Bank has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) across various tenors, effective November 12, 2026. The bank has increased its MCLR for all tenors, with the Overnight MCLR rising to 8.05% and the One-Year MCLR moving to 8.90%. These adjustments reflect changes in the bank’s cost of funds and are standard practice in response to market conditions.
Canara Bank Announces MCLR Revision
Canara Bank has informed the stock exchanges, BSE Ltd. and the National Stock Exchange of India Ltd., about a revision in its Marginal Cost of Funds Based Lending Rate (MCLR). This revision is effective from November 12, 2026.
Updated MCLR Rates
The bank has updated its MCLR across several tenors. The new rates are as follows:
- Overnight MCLR: 8.05% (previously 7.95%)
- One Month MCLR: 8.15% (previously 8.05%)
- Three Month MCLR: 8.40% (previously 8.30%)
- Six Month MCLR: 8.75% (previously 8.65%)
- One Year MCLR: 8.90% (previously 8.80%)
- Two Year MCLR: 9.15% (previously 9.05%)
- Three Year MCLR: 9.20% (previously 9.10%)
This update is for the information and records of the exchanges.
Source: BSE
