| May 7, 2022, 3:59 PM |
Canara Bank, a leading Public Sector Bank, has changed its Marginal Cost of Fund Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from May 7th, 2022.
Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.05.2022:
| Tenor | Existing MCLR | MCLR
w.e.f. 07.05.2022 |
Change |
| Overnight MCLR | 6.55 % | 6.65 % | +10 bps |
| One Month MCLR | 6.55 % | 6.65 % | +10 bps |
| Three Month MCLR | 6.85 % | 6.95 % | +10 bps |
| Six Month MCLR | 7.20 % | 7.30 % | +10 bps |
| One Year MCLR | 7.25 % | 7.35 % | +10 bps |
Repo Linked Lending Rate (RLLR)
| Existing RLLR | RLLR
w.e.f. 07.05.2022 |
Change | |
| RLLR | 6.90 % | 7.30 % | +40 bps |
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