The South Indian Bank Adjusts Marginal Cost of Funds Based Lending Rates (MCLR)
The South Indian Bank Limited has revised its Marginal Cost of Funds Based Lending Rates (MCLR), which are applicable across multiple tenors, effective from July 20, 2026.The bank released the updated MCLR structure detailing the rates for various lending periods.
According to the provided rate schedule, the new MCLR values are as follows:
| Tenor | MCLR |
|---|---|
| Overnight MCLR | 8.00% |
| One-month MCLR | 8.45% |
| Three-month MCLR | 9.40% |
| Six month MCLR | 9.45% |
| One year MCLR | 9.50% |
The South Indian Bank has also made this information available on its official website, southindianbank.bank.in.
SOUTHBANK Stock Price Movement
On Friday, shares of The South Indian Bank Limited slipped by 1.67%, closing at ₹44.60 as trading activity concluded for the day. The equity saw movement within a range defined by a high of ₹45.75 and a low of ₹44.11, with a reported total volume of 16.10 million shares.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.