Indian Bk cuts T-bill linked rate on 3-mo-and-below loans by 5 bps from Fri
This story was originally published at 17:22 IST on 2 April 2026
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MUMBAI – Indian Bank Thursday said it has cut the Treasury bill-linked lending rate for loans with tenor of three months and below by 5 basis points to 5.30%, from 5.35% earlier, effective Friday. The bank kept its marginal cost of funds-based lending rate, base rate, benchmark prime lending rate, policy repo rate, and repo-based lending rate unchanged, as per the exchange filling. The Reserve Bank of India's norms require banks to review their MCLR every month.
For the December quarter, Indian Bank had reported a net profit of INR 30.61 billion and a total income of INR 196.63 billion. On Thursday, shares of the bank ended at INR 869.40 on the National Stock Exchange, down over 2%.
Indian Bank's marginal cost of funds-based lending rates for various tenures are as follows:
Tenure | Rate (%) |
Overnight MCLR | 7.90 |
One -Month MCLR | 8.20 |
Three - Month MCLR | 8.40 |
Six - Month MCLR | 8.65 |
One Year MCLR | 8.75 |
End
Reported by Shumaila Firoz
Edited by Tanima Banerjee
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