Indian Bank has informed the Exchange about Revision in Benchmark Rates
INDIANB · price
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Indian Bank's Asset Liability Management Committee (ALCO) has reviewed various lending rates and decided to revise Treasury Bills Linked Lending Rates (TBLR) downward for shorter tenors. The TBLR for tenors up to 3 months has been reduced from 5.30% to 5.25%, and for 3-6 months tenors from 5.50% to 5.45%. Rates for longer tenors above 6 months remain unchanged at 5.60%. The bank clarified that MCLR, Base Rate at 9.55%, BPLR at 13.80%, Policy Repo Rate, and RBLR at 7.95% remain unchanged. The revised TBLR will be effective from 03.05.2026.
The marginal cut in TBLR for shorter tenors indicates a slight softening in lending rates for short-term borrowers. This is a routine rate review by the bank, with limited direct impact on stock price. The unchanged MCLR and Base Rate suggest no major shift in the bank's overall lending policy.