Tamilnad Mercantile Bank Limited has informed the Exchange about Revision in Repo Linked Lending Rate (RLLR) of the Bank
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Awaiting price reaction for this filing.
Tamilnad Mercantile Bank has revised its Repo Linked Lending Rate (RLLR) from 9.00% to 8.50%, a reduction of 50 basis points, effective June 20, 2025. The RLLR is the bank's benchmark rate to which many of its floating-rate loans (home loans, MSME loans, etc.) are linked. A lower RLLR means new and existing borrowers on RLLR-linked loans will see their interest rates come down, making borrowing cheaper. This revision appears to be aligned with the broader easing of policy repo rates by the RBI.
Lower lending rates may support loan demand and growth, but could pressure the bank's net interest margins in the short term. Neutral to mildly positive for the stock as it signals responsiveness to the rate cycle.