Announced Sat, 18 Jul · 17:04 IST
South Indian Bank revises MCLR rates effective 20 July 2026
Business Updates View source PDF
SOUTHBANK · 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
+6.6%1-day move
₹44.55
prior close
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base price
After-mkt
timing
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AI summary
South Indian Bank has revised its MCLR (Marginal Cost of Funds Based Lending Rates) across multiple tenors, effective 20 July 2026. Revised rates: Overnight 8.00 percent, One-month 8.45 percent, Three-month 9.40 percent, Six-month 9.45 percent, and One-year 9.50 percent. The filing does not specify whether rates were hiked or cut versus prior levels. MCLR is the internal benchmark used to price many floating-rate retail and corporate loans.
Likely market impact
Affects interest rates on MCLR-linked loans; existing and new borrowers may see changes in EMI or interest costs going forward.