Indian Overseas Bank Revises MCLR Across Various Tenors Effective June 15, 2026
Indian Overseas Bank has announced revisions to its Marginal Cost of Funds based Lending Rate (MCLR), effective from June 15, 2026. The bank provided details regarding the updated rates across different loan tenures until further review.The revised MCLR structure encompasses various time horizons, ranging from overnight lending up to three years. Changes in the rates reflect adjustments to the cost of funds and are detailed based on the tenor of the corresponding loans.
The updates show marginal changes for specific durations, while others maintain existing levels. For instance, the rate for One Month MCLR has been increased by 5 basis points (bps), while the Two Year MCLR also saw an upward adjustment of 5 bps.
A detailed look at the tenor wise MCLR indicates the following rates:
| Tenor | Existing MCLR (%) | Change | Revised MCLR (%) w.e.f 15.06.2026 |
|---|---|---|---|
| Overnight | 7.90 | No Change | 7.90 |
| One Month | 8.20 | (+ 5 bps) | 8.25 |
| Three Month | 8.40 | No Change | 8.40 |
| Six Month | 8.65 | No Change | 8.65 |
| One Year | 8.75 | (+ 5 bps) | 8.80 |
| Two Year | 8.75 | (+ 5 bps) | 8.80 |
| Three Year | 8.85 | No Change | 8.85 |
IOB Stock Price Movement
Today, Indian Overseas Bank shares edged higher to close at ₹33.37, achieving a 2.71% gain in trading. The stock saw a total traded volume of 4.19 million shares during the day.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.