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Informist, Wednesday, Oct. 7, 2026

 

MUMBAI – Six banks — Bank of India, Tamilnad Mercantile Bank Ltd., Punjab National Bank, Indian Overseas Bank, Karur Vysya Bank Ltd., and Bank of Baroda - have increased their repo-based lending rates by 25 basis points on Friday, they informed stock exchanges.

 

Bank of India changed its repo-based lending rate to 8.35% from 8.10?fective Wednesday. Meanwhile, Tamilnad Mercantile Bank increased the lending rate to 8.50% from 8.25%, and Punjab National Bank changed it to 8.35% from 8.10%, both effective Thursday. Indian Overseas Bank revised its RLLR to 8.35% from 8.10%, and Karur Vysya Bank changed its External Benchmark Rate - Repo linked to 8.80% from 8.55%, both effective Thursday. Bank of Baroda also revised its repo-based lending rate by 25 basis points to 8.15% from 7.90%, effective Thursday. 

 

For the June quarter, Bank of India had reported a net profit of INR 30.68 billion on total income of INR 225.28 billion. Wednesday, its shares closed at INR 133.55 on the National Stock Exchange, up 1.05% from Tuesday. 

 

In Apr-Jun, Tamilnad Mercantile Bank reported a net profit of INR 4.12 billion on a total income of INR 19.01 billion. Wednesday, its shares closed at INR 133.55 on the National Stock Exchange, up 1.05% from Tuesday.

 

Meanwhile, Punjab National Bank had reported a net profit of INR 52.53 billion on total income of INR 372.31 billion in the June quarter. Wednesday, its shares ended at INR 114.59 apiece on the National Stock Exchange, up 2.4%.

 

Indian Overseas Bank reported a net profit of INR 16.59 billion for Apr-Jun, up over 49% on year. Wednesday, the bank's shares ended 1.37% lower at INR 31.03 on the National Stock Exchange.

 

Karur Vysya Bank shares ended 1.5% higher at INR 330.10 apiece on the NSE on Wednesday. 

 

For the June quarter, the Bank of Baroda reported a net profit of INR 12.78 billion on total income of INR 366.81 billion. Wednesday, the bank's shares ended at INR 234.55 on the NSE, marginally up from the previous close.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Meera Nair

Edited by Deepshikha Bhardwaj

 

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