Canara Bank Raises Long-Term MCLR Rates Effective March 12

Canara Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) structure, effective March 12, 2026.

Rate Changes

- Two Year MCLR increases by 10 basis points to 8.95% from 8.85%.

- Three Year MCLR rises by 10 basis points to 9.00% from 8.90%.

- Overnight (7.85%), 1M (7.90%), 3M (8.15%), 6M (8.50%), and 1Y (8.70%) rates remain unchanged.

This selective hike impacts longer-term loans while maintaining short-term rates stable.

Source : Equity Bulls

Keywords

CanaraBank MCLR Revision