Indian Overseas Bank Cuts One-Month MCLR by 10 bps

Indian Overseas Bank's Asset Liability Management Committee (ALCO) reduced the one-month Marginal Cost of Funds based Lending Rate (MCLR) by 10 basis points to 8.20%, effective March 15, 2026.

Revised MCLR Structure

Overnight MCLR remains at 7.95%. Three-month, six-month, one-year, two-year, and three-year rates stay unchanged at 8.40%, 8.65%, 8.80%, 8.80%, and 8.85% respectively.

ALCO reviewed rates as of March 10, 2026, during its March 12 meeting, benefiting short-term borrowers while maintaining stability across longer tenors.

Shares of Indian Overseas Bank was last trading in BSE at Rs. 33.90 as compared to the previous close of Rs. 33.54. The total number of shares traded during the day was 517938 in over 1236 trades.

The stock hit an intraday high of Rs. 34.10 and intraday low of 32.90. The net turnover during the day was Rs. 17400848.00.

Source : Equity Bulls

Keywords

IndianOverseasBank INE565A01014 IOB MCLR