Indian Overseas Bank has informed the Exchange about General Updates- Change in MCLR wef 15092025
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Indian Overseas Bank has informed the stock exchange about an update to its Marginal Cost of Funds based Lending Rate (MCLR), with the revised rates taking effect from September 15, 2025. The MCLR is the benchmark rate below which the bank cannot lend, and changes to it directly affect the interest rates on new floating-rate loans such as home loans, personal loans, and business loans. The specific revised rate values and the direction of the change (increase or decrease) were not detailed in the headline. Such revisions are typically reviewed and updated periodically by banks in line with RBI guidelines and their cost of funds.
For borrowers with MCLR-linked loans, EMIs or tenures may change after September 15, 2025; for shareholders, this is a routine operational update and is unlikely to have a material impact on the stock price unless the rate revision is unusually large.