Canara Bank Revisions Marginal Cost of Funds Based Lending Rate (MCLR) Effective August 12, 2026
Canara Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR), with the updated rates taking effect from August 12, 2026. The revisions cover various MCLR tenors, providing clarity on changes to the bank’s lending cost structure.The updates detail the existing and new rates for different loan tenors, including overnight, one month, and multi-year facilities.
Key details of the Marginal Cost of Funds Based Lending Rate (MCLR) are as follows:
| MCLR Tenor | Existing Rate | Rate w.e.f. 12.08.2026 |
|---|---|---|
| Overnight MCLR | 7.95 | 7.95 |
| One Month MCLR | 8.00 | 8.05 |
| Three Month MCLR | 8.25 | 8.30 |
| Six Month MCLR | 8.60 | 8.65 |
| One Year MCLR | 8.75 | 8.80 |
| Two Year MCLR | 9.00 | 9.05 |
| Three Year MCLR | 9.05 | 9.10 |
CANBK Stock Price Movement
On Tuesday, shares of Canara Bank edged higher to settle at ₹130.3, after the stock gained 1.01% in trading. The equity saw strong market activity, with nearly 11.8 million shares changing hands during the session.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.
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