Canara Bank has revised its marginal cost of funds-based lending rate (MCLR). All rupee loans sanctioned and credit limits renewed with effect from March 7 will be priced with reference to the tenor-based MCLR. The revised MCLR rates are: overnight, 8.20 per cent; one-month, 8.25; three-month, 8.30 per cent; six-month, 8.40; and one year, 8.45.