Indian Bank Revises MCLR and TBLR Rates Effective June 3, 2026
Indian Bank revised its MCLR and TBLR rates. Effective June 3, 2026, the 1-year MCLR increased to 8.85% and TBLR for >1 year tenor to 5.75%. Base Rate, BPLR, Policy Repo Rate, and RBLR remain unchanged.
Changes in MCLR and TBLR directly affect the borrowing costs for customers, which can influence loan demand and the bank's net interest margin. These adjustments are material for the bank's financial operations and its customers.
The revision in lending rates is a routine adjustment by the bank based on market conditions and policy rates. While some rates have increased, others remain unchanged, indicating a balanced approach. There is no significant positive or negative news.
Indian Bank has announced a revision in its Marginal Cost of Funds based Lending Rate (MCLR) and Treasury Bills Linked Lending Rates (TBLR). The Asset Liability Management Committee (ALCO) of the bank reviewed these rates and decided on the revisions.
The MCLR rates have been revised for tenors of 3 months, 6 months, and 1 year. Specifically, the 3-month MCLR has increased from 8.40% to 8.50%, the 6-month MCLR from 8.65% to 8.75%, and the 1-year MCLR from 8.75% to 8.85%. The rates for Overnight and 1-month tenors remain unchanged at 7.90% and 8.20% respectively.
For TBLR, the rates have been revised across all tenors. The rate for <= 3 months has increased from 5.25% to 5.35%. For tenors >3 months & <=6 months, the rate has moved from 5.45% to 5.55%. For tenors >6 months & <=1 year, the rate has been revised from 5.60% to 5.75%. Similarly, for tenors >1 year & <= 3 Years, the rate has also been revised from 5.60% to 5.75%.
The revised MCLR and TBLR rates will be effective from June 3, 2026. The Base Rate, Benchmark Prime Lending Rate (BPLR), Policy Repo Rate, and Repo Linked Benchmark Lending Rates (RBLR) remain unchanged. The Base Rate is 9.55%, BPLR is 13.80%, Policy Repo Rate is 5.25%, and RBLR is 7.95%.
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