Indian Bank revises key lending rates effective October 3

Indian Bank's Asset Liability Management Committee (ALCO) has approved a revision in various benchmark lending rates, effective October 3, 2025. The overnight MCLR has been reduced to 7.95% from 8.05%, and the 1-month MCLR to 8.25% from 8.30%. The 3-month, 6-month, and 1-year MCLR remain unchanged at 8.45%, 8.70%, and 8.85% respectively.

For TBLR, rates for <= 3 months will increase to 5.50% from 5.45%. All other TBLR tenors (>3 months & <=6 months, >6 months & <=1 year, >1 year & <=3 Years) will see an increase to 5.60% from 5.55%.

The Base Rate will be reduced to 9.60% from 9.70%, and the Benchmark Prime Lending Rate (BPLR) will decrease to 13.85% from 13.95%. The Policy Repo Rate and Repo Linked Benchmark Lending Rates (RBLR) will remain unchanged at 5.50% and 8.20% respectively.