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Canara Bank, Bank of Baroda increase lending rates: Why loan EMIs for these borrowers may rise after hikes

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 l…

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Canara Bank, Bank of Baroda increase lending rates: Why loan EMIs for these borrowers may rise after hikes

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 l…

Bank of Baroda and Canara Bank have increased their Marginal Cost of Funds Based Lending Rates (MCLR) by up to 10 basis points (bps) on select tenures. A basis point is the one-hundredth of a percent…

Originally published by The Times of India. Read the full article →

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