INDIANBNSEIndian Bank· BanksLowNeutral
Announced Tue, 30 Sept · 19:09 IST

Indian Bank has informed the Exchange about Revision in Benchmark Rates

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Indian Bank has revised its internal benchmark lending rates effective October 3, 2025. The overnight MCLR has been reduced by 10 basis points to 7.95%, and the 1-month MCLR by 5 basis points to 8.25%. MCLR rates for 3-month, 6-month, and 1-year tenors remain unchanged. TBLR rates have been increased by 5 basis points across all tenors, rising to 5.60% for most buckets. The Base Rate has been cut by 10 basis points to 9.60%, and the Benchmark Prime Lending Rate (BPLR) has been lowered by 10 basis points to 13.85%. The Policy Repo Rate and Repo Linked Benchmark Lending Rate (RBLR) remain unchanged at 5.50% and 8.20% respectively. The revisions were approved by the Bank's Asset Liability Management Committee (ALCO).

Likely market impact

This is a routine internal benchmark rate revision with marginal movements (5–10 bps). Existing MCLR and Base Rate-linked borrowers will see slightly lower rates, while TBLR-linked borrowers will see a small increase. The neutral Policy Repo Rate and unchanged RBLR suggest no broader policy shift, so this is unlikely to materially affect the stock price.