Indian Bank Revises Key Lending and Benchmark Rates, Effective June 3, 2026
Indian Bank announced revisions to several key lending and benchmark rates following a review by its Asset Liability Management Committee (ALCO). The revised rates for Marginal Cost of funds based Lending Rate (MCLR) and Treasury Bills Linked Lending Rate (TBLR) are set to take effect from June 3, 2026.The bank provided detailed schedules of the updated rates for MCLR and TBLR.
MCLR Revision Details
The MCLR rates show revisions across several tenors. The updated figures are as follows:| Tenor | Existing Rate (%) | Revised Rate (%) |
|---|---|---|
| Overnight | 7.90% | 7.90% |
| 1 month | 8.20% | 8.20% |
| 3 months | 8.40% | 8.50% |
| 6 months | 8.65% | 8.75% |
| 1 Year | 8.75% | 8.85% |
TBLR Revision Details
Revisions were also noted for the Treasury Bills Linked Lending Rate (TBLR), with the updated rates categorized by tenors:| Tenor | Existing Rate (%) | Revised Rate (%) |
|---|---|---|
| <= 3 months | 5.25% | 5.35% |
| >3 months &<=6 months | 5.45% | 5.55% |
| >6 months &<=1 year | 5.60% | 5.75% |
| >1 year &<= 3 Years | 5.60% | 5.75% |
Status of Base Rate and BPLR
For Base Rate and Benchmark Prime Lending Rate (BPLR), the bank reported the following rates:| Benchmark | Rate (%) |
|---|---|
| Base Rate | 9.55% |
| Benchmark Prime Lending Rate (BPLR) | 13.80% |
Other Benchmark Rates
The rates for other key benchmarks, including the Policy Repo Rate and Repo Linked Benchmark Lending Rates (RBLR), were also reported:| Benchmark | Rate (%) |
|---|---|
| Policy Repo Rate | 5.25% |
| Repo Linked Benchmark Lending Rates (RBLR) | 7.95% |
The revised MCLR and TBLR rates are effective starting June 3, 2026.
INDIANB Stock Price Movement
Indian Bank shares today slipped by 2.44% to settle at ₹809.75 in the post-market trade. The stock shed ₹20.30 for the session, completing the day with a total traded volume of 3.26 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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