TMB Revises MCLR Effective July 7, 2026, with Rates Increasing by 0.10%
Tamilnad Mercantile Bank (TMB) will revise its Marginal Cost of Funds Based Lending Rate (MCLR) effective July 7, 2026. All MCLR rates will increase by 0.10%. Overnight and One Month MCLR will be 7.70%, Three Month MCLR at 8.40%, Six Month MCLR at 8.95%, and One Year MCLR at 9.35%.
Changes in MCLR can affect borrowing costs for customers and the bank's interest income, making it a moderately impactful announcement.
The announcement is a routine update on the bank's lending rates and does not contain any significantly positive or negative financial information.
Tamilnad Mercantile Bank Limited (TMB) has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR). The revised MCLR rates will be effective from July 7, 2026.
The bank has increased its MCLR across all tenors by 0.10%.
Specifically, the Overnight and One Month MCLR have been revised from 7.60% to 7.70%. The Three Month MCLR has been increased from 8.30% to 8.40%. The Six Month MCLR will now be 8.95%, up from 8.85%. The One Year MCLR has been revised from 9.25% to 9.35%.
This revision is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Tamilnad Mercantile Bank Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Tamilnad Mercantile Bank Limited. Read the original for the full detail.