Indian Overseas Bank cuts MCLR by 5 bps on 3-month to 3-yr tenures from Mon
This story was originally published at 21:06 IST on 11 December 2025
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--Indian Overseas Bank cuts MCLR by 5 bps in 3-months to 3-yr tenures
NEW DELHI – Indian Overseas Bank has reduced the marginal cost of funds-based lending rates by 5 basis points for three-month to three-year tenures, effective Monday, the state-owned bank informed exchanges Thursday. The revised MCLR for the bank now ranges from 8.00-8.85%.
The bank has left the MCLR for the overnight and one-month tenures unchanged. The reduction in MCLR comes days after the Reserve Bank of India's Monetary Policy Committee lowered the repo rate by 25 bps to 5.25%. The rate-setting panel has cut the repo rate by 125 bps in 2025. The RBI's norms require banks to review their MCLR every month.
Indian Overseas Bank's net profit surged 58% on year to INR 12.26 billion for the September quarter. On Thursday, shares of the bank closed 1.0% higher at INR 37 on the National Stock Exchange.
Indian Overseas Bank's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| Overnight | 8.00 | 8.00 |
| One month | 8.30 | 8.30 |
| Three months | 8.40 | 8.45 |
| Six months | 8.65 | 8.70 |
| One year | 8.80 | 8.85 |
| Two year | 8.80 | 8.85 |
| Three year | 8.85 | 8.90 |
End
Reported by Shubham Rana
Edited by Tanima Banerjee
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