Indian Bank Revises Benchmark Rates Including TBLR After ALCO Review
Indian Bank has reviewed and revised several key benchmark rates following a decision by its Asset Liability Management Committee (ALCO). The revisions pertain to Treasury Bills Linked Lending Rates (TBLR), MCLR, Base Rate, and other associated benchmarks. These updated rates are set to become effective starting July 3, 2026.The ALCO determined the new TBLR based on different tenors. For loans with a tenure of three months or less, the rate was reduced. Meanwhile, increases were seen for longer-term lending categories.
Treasury Bills Linked Lending Rate (TBLR) Revisions
The following table details the changes in TBLR across various tenor segments:| Sl. No. | Tenor | Existing Rate (%) | Revised Rate (%) |
|---|---|---|---|
| 1 | Less than or equal to 3 months | 5.35% | 5.30% |
| 2 | Greater than 3 months and less than or equal to 6 months | 5.55% | 5.55% |
| 3 | Greater than 6 months and less than or equal to 1 year | 5.75% | 5.85% |
| 4 | Greater than 1 year and less than or equal to 3 Years | 5.75% | 5.85% |
Other Key Benchmark Rates
The bank also provided details on its Marginal Cost of Funds based Lending Rate (MCLR), Base Rate, and other associated benchmark rates.The MCLR for various tenors stands as follows:
| Sl. No. | Tenor | Rate (%) |
|---|---|---|
| 1 | Overnight | 7.90% |
| 2 | 1 month | 8.20% |
| 3 | 3 months | 8.50% |
| 4 | 6 months | 8.75% |
| 5 | 1 Year | 8.85% |
Additionally, the Base Rate and Benchmark Prime Lending Rate (BPLR) are set at 9.55% and 13.80%, respectively.
For completeness, the bank maintained policies for other crucial lending benchmarks:
| Sl. No. | Benchmark | Rate (%) |
|---|---|---|
| 1 | Policy Repo Rate | 5.25% |
| 2 | Repo Linked Benchmark Lending Rates (RBLR) | 7.95% |
INDIANB Stock Price Movement
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