Canara Bank Revises Marginal Cost of Funds Based Lending Rates (MCLR) Effective August 12, 2026

Canara Bank has informed the stock exchanges regarding a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) across select tenors, effective from August 12, 2026.

While the Overnight MCLR remains unchanged at 7.95%, the Bank has increased rates across all other tenors-ranging from One Month to Three Years-by 5 basis points (0.05%).

Revised MCLR Structure

Overnight MCLR: Unchanged at 7.95%

One Month MCLR: Revised upward to 8.05% from 8.00%

Three Month MCLR: Revised upward to 8.30% from 8.25%

Six Month MCLR: Revised upward to 8.65% from 8.60%

One Year MCLR: Revised upward to 8.80% from 8.75%

Two Year MCLR: Revised upward to 9.05% from 9.00%

Three Year MCLR: Revised upward to 9.10% from 9.05%

The adjustment in MCLR tenors will impact interest rates on floating-rate loans tied to Canara Bank's MCLR benchmark, including consumer, corporate, and housing finance facilities resetting on or after August 12, 2026.

Source : Equity Bulls

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