Canara Bank revised MCLR rates effective from March 12
As per the exchange filing made by banking board, it is informed under Regulation 30 of SEBI [LODR] Regulations, 2015 that the Marginal Cost of Funds Based Lending Rate is revised by the bank with effective from 12th March 2024.
The different MCLR Tenors are listed with revised and existing rates, respectively. The rates are discussed below briefly-
1-Overnight MCLR- The existing Rate is 8.10 and the Revised rate is 8.15.
2-One Month existing rate is 8.20 and the Revised rate is 8.25.
3-Three month MCLR-Existing Rate is 8.30 and Revised rate is 8.35.
4-Six month MCLR-Existing Rate is 8.65 and Revised rate is 8.70.
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5-One year MCLR-Existing Rate is 8.85 and Revised rate is 8.90.
6-Two-year MCLR- The existing Rate is 9.15 and the Revised rate is 9.20.
7-Three-year MCLR-Existing Rate is 9.25 and the Revised rate is 9.30.
Canara Bank is an Indian public sector bank based in Bangalore, India. The bank was nationalized in 1969, and it has offices in London, Dubai, and New York.
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