The South Indian Bank Limited has informed the Exchange regarding 'Change in Marginal Cost of Funds Based Lending Rates (MCLR) of the Bank'
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The South Indian Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR) effective 20th May, 2026. The overnight MCLR has been set at 7.95%, one-month at 8.40%, three-month at 9.35%, six-month at 9.40%, and one-year at 9.45%. This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been uploaded on the bank's website. This is a routine regulatory filing informing stakeholders about the bank's revised lending rates.
MCLR revision is a standard operational update for banks and does not signal any major financial change. It reflects the bank's current cost of funds and may impact new loan pricing. This is a routine disclosure with no immediate material impact on shareholders.