Canara Bank lifts MCLR 5 bps across tenors, pushing one-year benchmark to 8.75%
Effective 12 May, Canara Bank raised MCLR by 5 bps across all tenors, taking the retail-linked one-year rate to 8.75% from 8.70%. Floating-rate home, auto and personal loan EMIs will reset higher; fixed-rate loans and deposits are unaffected.
Canara Bank raised MCLR by 5 bps across tenors from 12 May, lifting the one-year rate to 8.75% and pushing floating retail loan EMIs higher.
Mint · Money · 5/14/2026, 1:12:47 AM · Ask about this →