Canara Bank, BoM And KVB Cut MCLRs
Money & Banking
Canara Bank and Bank of Maharashtra (BoM) have announced a cut in their marginal cost of funds based lending rate (MCLR) across all tenors by 10 basis points and 20 basis points, respectively, with effect from July 7.
Following the cut, the benchmark one-year MCLR of Canara Bank and BoM will be 7.55 per cent (7.65 per cent now) and 7.50 per cent (7.70 per cent), respectively. BoM, in a statement, said it has reduced its MCLR consecutively for the fourth month.
Meanwhile, Karur Vysya Bank has announced a downward revision in MCLR in two tenors by 5-15 basis points with effect from July 7. The overnight and one-year MCLR have been revised to 8 per cent (8.05 per cent) and 9 per cent (9.15 per cent), respectively.
Published on
July 06, 2020
Canara Bank and Bank of Maharashtra (BoM) have announced a cut in their marginal cost of funds based lending rate (MCLR) across all tenors by 10 basis points and 20 basis points, respectively, with effect from July 7.
Following the cut, the benchmark one-year MCLR of Canara Bank and BoM will be 7.55 per cent (7.65 per cent now) and 7.50 per cent (7.70 per cent), respectively. BoM, in a statement, said it has reduced its MCLR consecutively for the fourth month.
Meanwhile, Karur Vysya Bank has announced a downward revision in MCLR in two tenors by 5-15 basis points with effect from July 7. The overnight and one-year MCLR have been revised to 8 per cent (8.05 per cent) and 9 per cent (9.15 per cent), respectively.
Published on
USAA Remembers And Honors Americas Fallen Service Members With The Return Of The Poppy Wall Of Honor To The National Mall
600,000 poppies displayed in a powerful tribute to the true meaning of Memorial Day Read more
USAA Educational Foundation Study Reveals How Cost Of Living Pressures And Predictable Outlays Are Straining Military Family Finances, While Highlighting Some Progress
High spouse unemployment and financial burdens among young military and veterans cited as pain points, limiting gains in... Read more
USAA 2025 Annual Report Reflects A Year Of Strength, Service And Commitment To Members
USAA’s financial strength in 2025 enabled record return of $3.8 billion to members and hundreds of millions in financi... Read more
United Through Reading And USAA Partner For Month Of The Military Child Employee Engagement Series
United Through Reading (UTR) and USAA are proud to announce a series of employee engagement events in honor of the Month... Read more
USAA Selects Chris Curtin As Chief Marketing Officer To Advance Value-Driven Brand Leadership
Feb 27 2026 SAN ANTONIO — February 27, 2026 — USAA today announced that Chris Curtin... Read more
USAA Puts Money Back In Members Pockets With Ways To Save, Strengthen Budgets
Association is Reducing Auto Premiums, Offering No-Interest Government Shutdown Loans, and Returning a Historic $3.8 Bil... Read more