Canara Bank revises lending rates down across all tenors

Canara Bank has informed exchanges about a revision in its Marginal Cost of Funds Based Lending Rate (MCLR), effective from November 12, 2025. The bank has decreased rates across all tenors. The overnight MCLR will be reduced from 7.95% to 7.90%, while the one month MCLR will see a decrease from 8.00% to 7.95%.

Further revisions include the three month MCLR falling from 8.20% to 8.15%, and the six month MCLR moving from 8.55% to 8.50%. For longer tenors, the one year MCLR is set to decrease from 8.75% to 8.70%, the two year MCLR from 8.90% to 8.85%, and the three year MCLR from 8.95% to 8.90%. These adjustments indicate a general easing of lending rates by Canara Bank.

The announcement was made by Santosh Kumar Barik, company secretary, on November 11, 2025. This update is crucial for stakeholders, including borrowers and investors, as it impacts the cost of various loan products linked to the MCLR.