Canara Bank Revises Marginal Cost of Funds Based Lending Rate (MCLR) Effective May 12, 2026
Canara Bank announced revisions to its Marginal Cost of Funds Based Lending Rate (MCLR), effective May 12, 2026. The bank updated the MCLR across various tenors, detailing the shift from existing rates to the new rates.The updated rates reflect changes for tenors ranging from Overnight to Three Years.
The revised MCLR structure is as follows:
| Tenure | Existing Rate | Rate Effective May 12, 2026 |
|---|---|---|
| Overnight MCLR | 7.85 | 7.9 |
| One Month MCLR | 7.9 | 7.95 |
| Three Month MCLR | 8.15 | 8.2 |
| Six Month MCLR | 8.5 | 8.55 |
| One Year MCLR | 8.7 | 8.75 |
| Two Year MCLR | 8.95 | 9 |
| Three Year MCLR | 9 | 9.05 |
CANBK Stock Price Movement
Canara Bank shares today slipped 3.13% to close at ₹129.43. The equity saw significant trading activity, moving through 71.59 million shares on the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.