Indian Overseas Bank has informed the Exchange about Changes in Base Rate from 15.05.2026

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₹33.82

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₹33.82

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AI summary

Indian Overseas Bank's Assets and Liabilities Management Committee has decided to reduce the Base Rate by 10 basis points (bps) effective from 15.05.2026. The new effective base rate will be 9.70% until further review. This change has been disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015. The base rate is the minimum interest rate below which the bank cannot lend to borrowers. This is a routine regulatory disclosure informing exchanges about a change in the bank's pricing benchmark.

Likely market impact

A base rate cut typically makes loans cheaper for borrowers, which could stimulate loan demand. For shareholders, this may compress net interest margins in the short term, though increased lending volume could offset this impact over time.