Corporate News     01-Jul-22
Indian Bank hikes MCLRs, TBLRs, Base Rate and BPLR
With effect from 03 July 2022
Indian Bank has announced an upward revision in Marginal Cost of funds based Lending Rate (MCLR), Treasury Bills Linked Lending Rates (TBLR), Base Rate and Benchmark Prime Lending Rate (BPLR) as detailed below:

MCLR
Overnight - 6.75%
One month - 6.95%
Three month - 7.15%
Six month - 7.40%
One year - 7.55%

TBLR
<= 3 months - 5%
>3 months &<=6 months - 5.55%
>6 months &<=1 year - 6.10%
>1 year &<= 3 Years - 6.10%

Base Rate - 8.70%

BPLR - 12.95%

The said revised MCLR, TBLR, Base Rate and BPLR shall be effective from 03 July 2022 till next review.

Other Benchmark Lending Rates viz. Policy Repo Rate and Repo Benchmark Lending Rate (RBLR) remain unchanged.

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