Indian Bank revises Lending Rate linked with Policy Repo Rate

The Asset Liability Management Committee (ALCO) of Indian Bank has reviewed the Lending Rate for all Loans/Advances linked with Policy Repo Rate and revised the Lending Rate linked with Policy Repo Rate based on Repo from 4.00% to 4.40%.

The said revised Lending Rate of the Bank shall be effective from 09.05.2022 for new customers and from 01.06.2022 for all the existing customers of the Bank.

Shares of Indian Bank was last trading in BSE at Rs. 152.95 as compared to the previous close of Rs. 150.90. The total number of shares traded during the day was 120318 in over 3466 trades.

The stock hit an intraday high of Rs. 154.10 and intraday low of 146.40. The net turnover during the day was Rs. 18116906.00.

Source : Equity Bulls

Keywords

IndianBank INE562A01011 LedningRate PolicyRepoRate Revision