Indian Bank Revises Benchmark Rates effective August 3, 2026; MCLR and Base Rate Remain Unchanged

Public sector lender Indian Bank has announced a revision in its Treasury Bills Linked Lending Rates (TBLR) across select tenors following a review by the bank's Asset Liability Management Committee (ALCO).

The revised TBLR benchmark rates will come into effect from August 3, 2026.

Key Revisions in Treasury Bills Linked Lending Rates (TBLR)

The Asset Liability Management Committee (ALCO) decided to reduce TBLR rates for tenors exceeding three months, while keeping the short-term rate unchanged:

Up to 3 Months: The rate remains unchanged at 5.30%.

Above 3 Months to 6 Months: Revised downward by 5 basis points to 5.50% from the existing rate of 5.55%.

Above 6 Months to 1 Year: Reduced by 20 basis points to 5.65% from the existing rate of 5.85%.

Above 1 Year to 3 Years: Reduced by 20 basis points to 5.65% from the existing rate of 5.85%.

Unchanged Benchmark Rates

Indian Bank stated that its Marginal Cost of Funds Based Lending Rate (MCLR), Base Rate, Benchmark Prime Lending Rate (BPLR), Policy Repo Rate, and Repo Linked Benchmark Lending Rate (RBLR) remain unchanged.

Marginal Cost of Funds Based Lending Rate (MCLR)

Overnight: 7.90%

1 Month: 8.20%

3 Months: 8.50%

6 Months: 8.75%

1 Year: 8.85%

Base Rate and BPLR

Base Rate: 9.55%

Benchmark Prime Lending Rate (BPLR): 13.80%

Shares of Indian Bank was last trading in BSE at Rs. 836.40 as compared to the previous close of Rs. 827.50. The total number of shares traded during the day was 55923 in over 2275 trades.

The stock hit an intraday high of Rs. 840.90 and intraday low of 828.80. The net turnover during the day was Rs. 46682316.00.

Source : Equity Bulls

Keywords

IndianBank INE562A01011 MCLR BPLR BaseRate