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 MCLR across multiple tenors, effective July 20, 2025. The new rates are 7.60% for overnight, 8.25% for one-month, 9.55% for three-month, 9.60% for six-month, and 9.70% for one-year tenors. This is a routine periodic revision of lending benchmark rates by the bank. The revised rates will impact the pricing of new floating-rate loans linked to MCLR.
Marginal impact for existing borrowers whose loans are already linked to MCLR resets, but new borrowers will borrow at the revised rates. The revision reflects the bank's current cost of funds and has a neutral to modest effect on net interest margins.