Indian Bank cuts MCLR by 5 bps across tenures from Saturday
This story was originally published at 19:59 IST on 31 December 2025
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--Indian Bank cuts MCLR by 5 bps across tenures from Saturday
NEW DELHI – Indian Bank has reduced the marginal cost of funds-based lending rates by five basis points across tenures, effective Saturday, the bank said in an exchange filing on Wednesday. The bank's revised MCLR now ranges from 7.90% to 8.75%.
The Reserve Bank of India's norms require banks to review their MCLR every month. The Chennai-based lender also lowered the three-month-to-three-year Treasury bill-linked rate by 5-10 bps. The bank's revised Treasury bill-linked rates now range from 5.30% to 5.50%.
Indian Bank reported a net profit of INR 30.18 billion in the September quarter on a total income of INR 190.77 billion. The bank's shares closed 3.5% higher at INR 837.25 on the National Stock Exchange on Wednesday.
Indian Bank's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| Overnight | 7.90 | 7.95 |
| One month | 8.20 | 8.25 |
| Three months | 8.40 | 8.45 |
| Six months | 8.65 | 8.70 |
| One year | 8.75 | 8.80 |
End
Reported by Pratiksha
Edited by Saji George Titus
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