Indian Bank Revises Treasury Bills Linked Lending Rates Effective May 3, 2026
Indian Bank has revised its Treasury Bills Linked Lending Rates (TBLR) effective May 3, 2026, reducing rates by 5 basis points for tenors up to 6 months following an ALCO review. All other benchmark rates including MCLR, Base Rate, BPLR, Policy Repo Rate, and RBLR remain unchanged, as disclosed under SEBI LODR Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
Indian Bank has announced a revision in its Treasury Bills Linked Lending Rates (TBLR) following a review by the Asset Liability Management Committee (ALCO). The revised rates are effective from May 3, 2026, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Dina Nath Kumar, AGM & Company Secretary, on May 2, 2026, and has been communicated to both the National Stock Exchange of India Limited and BSE Limited for dissemination.
TBLR Revision Details
The bank has reduced TBLR for shorter tenors while maintaining rates for longer durations. The revised structure reflects a reduction of 5 basis points for tenors up to 6 months, as detailed below:
| Sl. No. | Tenor | Existing Rate (%) | Revised Rate (%) |
|---|---|---|---|
| 1 | <= 3 months | 5.30% | 5.25% |
| 2 | >3 months & <=6 months | 5.50% | 5.45% |
| 3 | >6 months & <=1 year | 5.60% | 5.60% |
| 4 | >1 year & <=3 Years | 5.60% | 5.60% |
Unchanged Benchmark Rates
Indian Bank has confirmed that other key benchmark rates remain unchanged. The Marginal Cost of funds based Lending Rate (MCLR) across various tenors continues at existing levels:
| Sl. No. | Tenor | Rate (%) |
|---|---|---|
| 1 | Overnight | 7.90% |
| 2 | 1 month | 8.20% |
| 3 | 3 months | 8.40% |
| 4 | 6 months | 8.65% |
| 5 | 1 Year | 8.75% |
Additionally, the Base Rate and Benchmark Prime Lending Rate (BPLR) remain steady:
| Sl. No. | Benchmark | Rate (%) |
|---|---|---|
| 1 | Base Rate | 9.55% |
| 2 | Benchmark Prime Lending Rate (BPLR) | 13.80% |
Other Benchmark Parameters
The Policy Repo Rate and Repo Linked Benchmark Lending Rates (RBLR) also remain unchanged:
| Sl. No. | Benchmark | Rate (%) |
|---|---|---|
| 1 | Policy Repo Rate | 5.25% |
| 2 | Repo Linked Benchmark Lending Rates (RBLR) | 7.95% |
Historical Stock Returns for Indian Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.95% | -1.74% | -3.09% | -6.96% | +27.74% | +506.80% |
Will Indian Bank's ALCO consider extending the 5 basis point TBLR reduction to longer tenors (beyond 6 months) in upcoming reviews if RBI signals further monetary easing?
How might Indian Bank's selective TBLR reduction for shorter tenors impact its net interest margin and overall profitability in Q1 FY2027?
Given that MCLR rates remain unchanged, when might Indian Bank revise its MCLR downward, and what macroeconomic triggers would prompt such a decision?
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