Canara Bank, Bank of Baroda increase lending rates
Synopsis Bank of Baroda and Canara Bank have raised their lending rates. These banks increased their Marginal Cost of Funds Based Lending Rates by up
Synopsis Bank of Baroda and Canara Bank have raised their lending rates. These banks increased their Marginal Cost of Funds Based Lending Rates by up to ten basis points.
The revised rates for both banks become effective from August 12, 2026. Borrowers with loans linked to MCLR may see their interest payments rise. This
decision follows the Reserve Bank of India's recent repo rate maintenance.
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