FilingReader Intelligence
Indian Overseas Bank cuts lending rates by up to 20bp
August 11, 2025 at 07:10 PM UTC•By FilingReader AI
Indian Overseas Bank has cut its MCLR by 10 basis points across all tenors, effective August 15. The overnight MCLR will be 8.05%, while the one year MCLR will be 8.90%.
The bank also reduced its base rate by 20 basis points to 9.80%.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
BSE:IOB•Bombay Stock Exchange
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