Tamilnad Mercantile Bank revises MCLR effective november 7

Tamilnad Mercantile Bank Limited has informed the National Stock Exchange of India and Bombay Stock Exchange about a revision in its Marginal Cost of Funds Based Lending Rate (MCLR), effective from November 7, 2025. This adjustment is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The bank's overnight and one month MCLR will remain unchanged at 7.50%. However, the three month MCLR will see a decrease from 8.30% to 8.20%.

Conversely, the six month MCLR will experience an increase from 8.70% to 8.75%, while the one year MCLR will hold steady at 9.25%. These revisions reflect the bank's updated lending rate structure.