Indian Overseas Bank Reduces Base Rate by 10 Basis Points

Indian Overseas Bank Reduces Base Rate by 10 Basis Points​

Indian Overseas Bank (IOB) announced a revision to its Base Rate, effective May 15, 2026. Following a review conducted by the Assets and Liabilities Management Committee, the bank decided to reduce the Base Rate by 10 basis points.

The bank confirmed that the effective base rate will stand at 9.70% until a further review is conducted. This decision marks the formal reduction of the bank's key lending benchmark.

IOB Stock Price Movement​

Today, Indian Overseas Bank shares edged higher, settling at ₹33.82 after gaining 0.42% in after-hours trading. The stock saw significant investor interest, trading a total of 2.24 million shares throughout the day.

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