Indian Bank cuts MCLR on 1-year tenure by 5 bps to 8.80%, leaves rest unch
This story was originally published at 21:12 IST on 1 December 2025
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--Indian Bank cuts MCLR by 5 bps on one-year tenure
NEW DELHI – Indian Bank has slashed the marginal cost of funds-based lending rate for one-year tenure by five basis points, the bank informed exchanges Monday. The lending rate for the one-year tenure will be 8.80% from Wednesday.
The bank has left the marginal cost of funds-based lending rates for all other tenures unchanged. The Reserve Bank of India's norms require banks to review their MCLR every month. Indian Bank had reported a net profit of INR 30.18 billion, up nearly 12% on year, in the September quarter. The shares of the bank Monday closed 2% higher at INR 887.40 on the National Stock Exchange.
Indian Bank's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| Overnight | 8.05 | 8.05 |
| One month | 8.30 | 8.30 |
| Three months | 8.45 | 8.45 |
| Six months | 8.70 | 8.70 |
| One year | 8.80 | 8.85 |
End
Reported by Krity Ambey
Edited by Akul Nishant Akhoury
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