Indian Bank revises MCLR, TBLR rates effective June 3
Indian Bank's ALCO revised MCLR and TBLR rates effective June 3, 2026, increasing rates for several tenors. The 3-month, 6-month, and 1-year MCLRs rose by 0.10%, while TBLR rates increased by 0.10% to 0.15% across various slabs. Base Rate, BPLR, Policy Repo Rate, and RBLR remain unchanged.
*this image is generated using AI for illustrative purposes only.
Indian Bank has revised its Marginal Cost of funds based Lending Rate (MCLR) and Treasury Bills Linked Lending Rates (TBLR) effective from June 3, 2026. The Asset Liability Management Committee (ALCO) of the bank reviewed the lending benchmarks and decided to increase rates for specific tenors, impacting the cost of credit for borrowers linked to these rates. The Base Rate, Benchmark Prime Lending Rate (BPLR), Policy Repo Rate, and Repo Linked Benchmark Lending Rates (RBLR) remain unchanged.
MCLR Revisions
The bank increased the MCLR for tenors of 3 months, 6 months, and 1 year, while the overnight and 1-month rates were kept steady. The 3-month MCLR rose by 0.10% to 8.50%, the 6-month MCLR increased by 0.10% to 8.75%, and the 1-year MCLR was revised upward by 0.10% to 8.85%.
| Tenor | Existing Rate (%) | Revised Rate (%) |
|---|---|---|
| Overnight | 7.90% | 7.90% |
| 1 month | 8.20% | 8.20% |
| 3 months | 8.40% | 8.50% |
| 6 months | 8.65% | 8.75% |
| 1 Year | 8.75% | 8.85% |
TBLR Adjustments
Under the Treasury Bills Linked Lending Rates, the bank raised rates across all four slabs. The rate for tenors up to 3 months increased by 0.10% to 5.35%, while the slab for over 3 months up to 6 months rose by 0.10% to 5.55%. Rates for tenors exceeding 6 months up to 1 year and over 1 year up to 3 years were both hiked by 0.15% to 5.75%.
| Tenor | Existing Rate (%) | Revised Rate (%) |
|---|---|---|
| <= 3 months | 5.25% | 5.35% |
| >3 months & <=6 months | 5.45% | 5.55% |
| >6 months & <=1 year | 5.60% | 5.75% |
| >1 year & <= 3 Years | 5.60% | 5.75% |
Unchanged Benchmark Rates
The Base Rate and Benchmark Prime Lending Rate (BPLR) have been retained at previous levels. The Base Rate stands at 9.55%, while the BPLR is steady at 13.80%. Additionally, the Policy Repo Rate remains at 5.25%, and the Repo Linked Benchmark Lending Rates (RBLR) is unchanged at 7.95%.
| Benchmark | Rate (%) |
|---|---|
| Base Rate | 9.55% |
| Benchmark Prime Lending Rate (BPLR) | 13.80% |
| Policy Repo Rate | 5.25% |
| 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% |
How will the increase in MCLR and TBLR impact Indian Bank's loan growth and asset quality in the upcoming quarters?
Will other public sector banks follow Indian Bank's lead in revising their lending rates, signaling a broader industry trend?
What effect will these rate hikes have on the bank's net interest margins (NIM) given the unchanged policy repo rate?
16
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
