Announced Mon, 6 Jul · 12:18 IST
Tamilnad Mercantile Bank hikes MCLR rates by 10 bps across all tenors
Business Updates View source PDF
TMB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹778.35
prior close
₹767.15
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.0+0.0-0.2-1.1-3.0-1.1+3.5+2.6+4.9+17.0———
Up moveDown movePending
AI summary
Tamilnad Mercantile Bank will revise its MCLR upward by 10 basis points across all tenors effective July 7, 2026. Overnight and one-month MCLR rise to 7.70 percent, three-month to 8.40 percent, six-month to 8.95 percent, and one-year MCLR to 9.35 percent.
Likely market impact
Higher lending rates may improve net interest margins but could slow loan demand. Routine revision.