Tamilnad Mercantile Bank Revises Marginal Cost of Funds Based Lending Rate (MCLR)
Tamilnad Mercantile Bank Limited has announced a revision to its Marginal Cost of Funds Based Lending Rate (MCLR), effective from July 7, 2026. The changes pertain to various lending tenors and have been made public by the bank.The MCLR revisions cover rates ranging from Overnight to One Year tenures. Customers and stakeholders are informed of the new rate structure across different periods as detailed below:
| Tenor | Existing Rate | Revised Rate |
|---|---|---|
| Overnight | 7.60% | 7.70% |
| One Month MCLR | 7.60% | 7.70% |
| Three Month MCLR | 8.30% | 8.40% |
| Six Month MCLR | 8.85% | 8.95% |
| One Year MCLR | 9.25% | 9.35% |
TMB Stock Price Movement
As of 12:24 PM, shares of Tamilnad Mercantile Bank Limited are slipping by 1.39% in live trading, currently at ₹767.8 after shedding ₹10.85. The stock is navigating a volatile session, with over 80,596 shares changing hands as the market progresses through midday trading.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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