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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The South Indian Bank has revised its MCLR (the benchmark lending rate below which banks cannot lend) across multiple tenors, effective June 20, 2025. The new rates are: Overnight at 7.65%, One-month at 8.30%, Three-month at 9.60%, Six-month at 9.65%, and One-year at 9.75%. MCLR revisions typically reflect changes in the bank's cost of funds and are used to price new floating-rate loans. The bank has hosted this information on its official website as well.
A change in MCLR directly affects the interest rates on new loans and the reset rates on existing floating-rate loans for borrowers. For shareholders, the direction of the change (hike or cut) signals whether the bank is managing margins higher or passing on lower funding costs to customers, which can influence net interest margin and profitability.