Canara Bank Lowers One-Year MCLR to 8.80%, Reduces Borrowing Charges

Unknown Apr 02, 2026 1,000 Views

Canara Bank has revised its one-year Marginal Cost of Funds-Based Lending Rate (MCLR) to 8.80% from 9.00% with effect from June 12, 2025. This follows the Reserve Bank of India (RBI) recent rate cuts in the repo rate to boost credit growth and moderate borrowing costs. Key Highligh...