Indian Bank has informed the Exchange about Revision in Benchmark Rates
INDIANB · price
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Indian Bank has revised its benchmark lending rates downward across all categories, effective January 3, 2026. The Marginal Cost of funds based Lending Rate (MCLR) has been cut by 5 basis points across all tenors — Overnight to 7.90%, 1-month to 8.20%, 3-month to 8.40%, 6-month to 8.65%, and 1-year to 8.75%. Treasury Bills Linked Lending Rates (TBLR) have also been reduced by 5-10 basis points across various tenors. Base Rate was lowered to 9.55% and Benchmark Prime Lending Rate (BPLR) to 13.80%. The Policy Repo Rate (5.25%) and Repo Linked Benchmark Lending Rate (7.95%) remain unchanged.
Lower lending rates may make loans cheaper for borrowers, which could support loan growth but may also squeeze the bank's net interest margins. The unchanged repo rate suggests this revision is an internal calibration rather than driven by a central bank move.