Canara Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across various tenors, effective from June 12, 2026. The bank increased rates for shorter tenors, including overnight and one-month MCLR, while keeping rates for longer tenors unchanged. This adjustment impacts the interest rates on loans linked to the MCLR benchmark.

The overnight MCLR has been increased by 5 basis points to 7.95%, up from the previous rate of 7.90%. Similarly, the one-month MCLR has been revised upwards to 8.00%, a rise of 5 basis points from the earlier 7.95%. The three-month MCLR now stands at 8.25%, and the six-month MCLR has been adjusted to 8.60%, both representing an increase of 5 basis points.

MCLR Rate Comparison

The following table details the revised MCLR rates compared to the existing figures:

Rates for longer tenors, specifically the one-year, two-year, and three-year MCLR, remain unchanged at 8.75%, 9.00%, and 9.05%, respectively. The revision was communicated to the stock exchanges by Santosh Kumar Barik, Company Secretary of Canara Bank.

Canara Bank has notified the stock exchanges regarding a special window established for the transfer and dematerialisation of physical securities. This measure aligns with a SEBI circular dated January 30, 2026, and aims to facilitate shareholders in converting their physical holdings into electronic form.

The bank disclosed that it has published a newspaper advertisement on June 9, 2026, to inform shareholders about this special window. The notice was published in the Financial Express (English), Jansatta (Hindi), and Vijayavani (Kannada) to ensure wide reach among investors.

This communication serves as a continuation of the bank's earlier intimation sent on April 2, 2026. The special window allows shareholders to submit requests for the transfer and dematerialisation of their physical share certificates held in the bank.

The filing, addressed to the Vice Presidents of BSE Ltd and the National Stock Exchange of India Ltd, confirmed that the newspaper publication was submitted for the exchanges' information and records. The bank's scrip codes are 532483 on the BSE and CANBK on the NSE.

Shareholders holding physical securities are advised to utilise this facility to update their holdings in compliance with the regulatory framework. The move is part of broader market efforts to reduce the risks associated with physical share certificates and enhance the efficiency of the securities market.