Tamilnad Mercantile Bank Limited Revises MCLR Rates Effective June 7, 2026
Tamilnad Mercantile Bank Limited has announced revisions to its Marginal Cost of Funds Based Lending Rate (MCLR). The updated rates are set to take effect from June 07, 2026.The bank provided the details of the revised MCLR across various tenors, including Overnight, One Month, Three Month, Six Month, and One Year instruments.
As per the revision, the following rate changes have been introduced:
| Tenor | Existing Rate | Revised Rate |
|---|---|---|
| Overnight | 7.55% | 7.60% |
| One Month MCLR | 7.55% | 7.60% |
| Three Month MCLR | 8.25% | 8.30% |
| Six Month MCLR | 8.80% | 8.85% |
| One Year MCLR | 9.25% | 9.25% |
TMB Stock Price Movement
Shares of Tamilnad Mercantile Bank Limited slipped by 0.59% to settle at ₹745.9 on Friday. The stock saw a traded volume of 163,724 shares during the session.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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