Economy, Banking and Finance · 14 March 2026
Canara Bank raises MCLR-linked lending rates by 10 basis points for 2-3 year tenors.
Exam-focused facts from the 14 March 2026 current affairs briefing.
Key facts
- Canara Bank increased the 2-year MCLR to 8.95% from 8.85% effective Thursday.
- The 3-year MCLR was raised to 9% from 8.90%.
- Roughly half of Canara Bank’s loan book is linked to MCLR.
- The bank’s loan portfolio stood at Rs 11.92 lakh crore as of December end.
- Bank of Baroda and Uco Bank kept their MCLR rates unchanged on Tuesday.
- Uco Bank reduced treasury bill-linked benchmark rates by 5 basis points for 3-month and 6-month tenors while leaving the 1-year rate unchanged.