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 rates across multiple tenors, effective May 20, 2025. The new rates are: Overnight at 7.95%, One-month at 8.60%, Three-month at 9.90%, Six-month at 9.95%, and One-year at 10.05%. MCLR is the benchmark rate below which banks typically cannot lend. The revision applies to all rupee loans sanctioned, renewed, or repriced after the effective date. The bank has also published this information on its website.
MCLR changes directly affect the interest rates borrowers pay on loans linked to this benchmark, and influence the bank's net interest income. Shareholders should compare these rates with the prior MCLR to gauge whether lending rates were raised or lowered, as that will impact both loan demand and the bank's margins.