Lower home loan EMIs ahead: This PSU bank has cut lending rates across tenures by 5 bps

Canara Bank has reduced its Marginal Cost of Funds Based Lending Rates (MCLR) by 5 basis points across all tenures, effective November 12, 2025. This move is expected to lower EMIs for borrowers with floating rate loans. In contrast, Bank of Baroda and IDBI Bank have maintained their MCLR rates unchanged.