The South Indian Bank Limited has informed the Exchange regarding 'Change in Marginal Cost of Funds Based Lending Rates (MCLR) of the Bank'.
SOUTHBANK · price
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South Indian Bank has revised its benchmark lending rates (MCLR) across all tenors effective March 20, 2026. The new rates are: Overnight at 8.00%, one-month at 8.45%, three-month at 9.40%, six-month at 9.45%, and one-year at 9.50%. MCLR is the minimum rate below which the bank cannot lend for floating-rate loans, so this directly affects the interest rates on existing and new loans linked to MCLR. This is a routine regulatory disclosure under SEBI listing requirements and the bank has also hosted this information on its website.
For borrowers with MCLR-linked loans, EMIs or interest costs may change after the next reset date. For shareholders, MCLR revisions are normal operational updates; their effect on the bank's net interest margin depends on whether deposit costs also move correspondingly. This alone is unlikely to be a major stock-moving event.