Canara Bank Raises Lending Rates

$CANBK Canara Bank has increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across most loan tenures, effective today. The move could increase borrowing costs for customers whose loans are linked to MCLR. Investors will be watching whether the higher lending rates support the bank’s margins while affecting credit demand. The change comes as banking stocks remain sensitive to interest-rate movements. Canara Bank’s stock could see increased attention as traders assess the impact on net interest margins and loan growth. The latest rate revision therefore provides a fresh company-specific trigger for the NSE counter