South Indian Bank Revises MCLR Rates Effective July 20, 2026
The South Indian Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR) effective July 20, 2026. The new rates include Overnight MCLR at 8.00%, One-month MCLR at 8.45%, Three-month MCLR at 9.40%, Six-month MCLR at 9.45%, and One-year MCLR at 9.50%.
Changes in MCLR are standard practice for banks and typically have a minimal direct impact on the bank's overall financial performance unless they represent a significant deviation from market trends or competitor rates.
The announcement is a routine update on interest rate revisions and does not inherently suggest a positive or negative financial outcome for the bank.
The South Indian Bank Limited has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) applicable for various tenors. The new rates will be effective from July 20, 2026.
The revised MCLR rates are as follows: Overnight MCLR at 8.00%, One-month MCLR at 8.45%, Three-month MCLR at 9.40%, Six-month MCLR at 9.45%, and One-year MCLR at 9.50%.
This information has been disseminated in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The updated rates are also available on the bank's official website, www.southindianbank.bank.in.
What to do with a filing like this
The South Indian Bank Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by The South Indian Bank Limited. Read the original for the full detail.