Canara Bank Revises MCLR Rates Effective Feb 12, 2026
Canara Bank will revise its MCLR rates effective February 12, 2026. Overnight MCLR will decrease to 7.85% from 7.90%, and One Month MCLR will decrease to 7.90% from 7.95%. Other MCLR tenors remain unchanged.
The MCLR revision involves minor adjustments to short-term lending rates. The impact on the bank's overall profitability and borrower costs is expected to be minimal.
The revision in MCLR rates is a routine operational update for a bank and does not inherently signal significant positive or negative performance.
Canara Bank has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) with effect from February 12, 2026. The bank has reduced its Overnight MCLR from 7.90% to 7.85% and its One Month MCLR from 7.95% to 7.90%. The rates for Three Month, Six Month, One Year, Two Year, and Three Year MCLR remain unchanged at 8.15%, 8.50%, 8.70%, 8.85%, and 8.90% respectively. This update is in accordance with the disclosure requirements under Regulation 30 of SEBI (LODR) Regulations, 2015.
What to do with a filing like this
Canara Bank filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Canara Bank. Read the original for the full detail.