Indian bank revises benchmark rates, waives minimum balance fees

Indian Bank's Asset Liability Management Committee (ALCO) has reviewed and revised several benchmark lending rates. The Marginal Cost of Funds based Lending Rate (MCLR) sees a downward revision across tenors, with the overnight rate remaining at 8.20%, one-month decreasing from 8.45% to 8.40%, and one-year rates decreasing from 9.05% to 9.00%. Treasury Bills Linked Lending Rates (TBLR) also decrease, with rates for all tenors up to 3 years decreasing from 5.80% to 5.40% for up to 3 months and 5.50% for all other brackets.