South Indian Bank Revises Marginal Cost of Funds Based Lending Rates (MCLR)
The South Indian Bank Limited announced revisions to its Marginal Cost of Funds Based Lending Rates (MCLR). The updated MCLR applicable for various tenors will be effective starting May 20, 2026.The bank released the updated rates, showing the revised MCLR across different lending tenors.
| Tenor | MCLR |
|---|---|
| Overnight MCLR | 7.95% |
| One-month MCLR | 8.40% |
| Three-month MCLR | 9.35% |
| Six month MCLR | 9.40% |
| One year MCLR | 9.45% |
The updated lending rates reflect the changes in the cost of funds for the bank across different loan tenors, effective May 20, 2026.
SOUTHBANK Stock Price Movement
Shares of The South Indian Bank Limited today slipped 1.24%, settling at ₹38.25 in post-market trading. The stock saw total volume reach 8.62 million shares, closing considerably lower than its prior day's close of ₹38.83.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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