Change in Marginal Cost of Funds Based Lending Rates(MCLR) of the Bank

SOUTHBANK · price

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▲ 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

+7.4%1-day move

₹38.35

prior close

₹38.73

base price

After-mkt

timing

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-0.3-0.1-0.2+0.0+7.4+6.2+6.2+6.7+6.1+7.5+18.1+26.4+20.6—

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AI summary

South Indian Bank Ltd has revised its Marginal Cost of Funds Based Lending Rates (MCLR) effective 20th May, 2026. The overnight MCLR is now 7.95%, one-month at 8.40%, three-month at 9.35%, six-month at 9.40%, and one-year at 9.45%. This is a routine regulatory disclosure required under SEBI Listing Regulations. The bank has informed both NSE and BSE about these updated lending rates. The filing is dated 18th May, 2026 and signed by Jimmy Mathew, Company Secretary.

Likely market impact

This is a standard rate disclosure with neutral impact on shareholders. The MCLR revision reflects the bank's current cost of funds and competitive positioning in the lending market.