Canara Bank — Important, 11-07-2025: Updates

Canara Bank has announced a board meeting to approve the financial results for the quarter and half-year. The bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors, reducing rates by 0.05% to 0.10%. The one-year MCLR is now 8.75%, down from 8.80%, and the overnight MCLR is 7.95%, down from 8.00%. This rate cut could support lending growth and improve credit demand.