Indian Overseas Bank has informed the Exchange about Changes in MCLR and EBLR w.e.f. 15.12.2025
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Indian Overseas Bank has announced changes to its Marginal Cost of Funds based Lending Rate (MCLR) and External Benchmark Linked Rate (EBLR), effective from 15 December 2025. MCLR and EBLR are benchmark rates used to set lending rates for borrowers across various loan categories such as home loans, personal loans, and corporate loans. The bank has informed the stock exchange about these revised rates as per regulatory disclosure requirements. Specific new rate values were not detailed in the headline. Such periodic revisions are routine for banks in line with RBI guidelines and changing cost of funds.
A change in MCLR and EBLR will affect the interest rates on new loans and could lead to revision in EMIs for existing borrowers whose loans are linked to these benchmarks. For shareholders, this reflects normal operational activity and may marginally impact the bank's net interest margin depending on the direction of the rate change.