Indian Bank Revises Treasury Bills Linked Lending Rates Effective July 3

Public sector lender Indian Bank has announced revisions to its Treasury Bills Linked Lending Rates (TBLR) across select tenors. The updated tariff structure is scheduled to come into effect starting July 3, 2026.

Mixed Tweaks Across Treasury-Linked Maturities

The state-owned lender introduced a mixed adjustment to its TBLR framework, lowering rates slightly for short-term borrowers while raising the cost of credit for mid-to-long-term durations. For maturities up to three months, the bank cut the borrowing rate by 5 basis points, moving the benchmark down from 5.35% to 5.30%.

Conversely, lending rates for longer-term tenors faced an upward revision of 10 basis points. The rate for loans with durations between six months and one year, as well as those spanning one year to three years, increased from 5.75% to 5.85%. Meanwhile, the pricing matrix for loans maturing between three and six months remained completely flat, holding steady at its previous level of 5.55%.

Core Benchmarks and Policy Rates Left Unchanged

Indian Bank confirmed that all other primary floating loan rate indices will remain unchanged. The bank's main corporate benchmark, the Marginal Cost of Funds based Lending Rate (MCLR), was held steady across all its standard tenors:

Short-Term Maturities: Overnight loans stand at 7.90%, followed by the one-month tenor at 8.20%, and the three-month rate at 8.50%.

Longer-Term Maturities: The six-month MCLR remains at 8.75%, while the one-year benchmark-which serves as the baseline anchoring most retail, housing, and personal loan agreements-is fixed at 8.85%.

Similarly, the bank's traditional lending benchmarks showed no movement. The Base Rate remains at 9.55%, and the Benchmark Prime Lending Rate (BPLR) stays pinned at 13.80%. External policy configurations and consumer interest baselines also held firm, with the Policy Repo Rate maintaining its 5.25% position, which keeps the bank's corresponding Repo Linked Benchmark Lending Rate (RBLR) steady at 7.95%.

Shares of Indian Bank was last trading in BSE at Rs. 798.85 as compared to the previous close of Rs. 815.20. The total number of shares traded during the day was 227426 in over 9093 trades.

The stock hit an intraday high of Rs. 820.90 and intraday low of 789.50. The net turnover during the day was Rs. 182069961.00.

Source : Equity Bulls

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IndianBank INE562A01011 RateRevision BPLR BaseRate