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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Awaiting price reaction for this filing.
South Indian Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR) across multiple tenors, effective August 20, 2025. The new rates are 8.20% for overnight, 8.65% for one-month, 9.60% for three-month, 9.65% for six-month, and 9.70% for one-year. The filing does not specify whether the rates have been increased or decreased from the previous levels. MCLR is the benchmark rate below which banks generally cannot lend, so this revision will reset the pricing for existing and new loans tied to MCLR.
This is a routine interest rate revision and will change the lending rates for borrowers with MCLR-linked loans. Without clear direction of the revision (hike or cut), the net impact on the bank's margins and borrower costs is not immediately clear from the filing alone.