Date: 19th September 2026
Board Meeting Outcomes
- The Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR), Base Rate, and BPLR with effect from 22nd September 2026
- The revision represents an increase of 5 basis points across all MCLR tenors
- Base Rate increased by 20 basis points from 11.00% to 11.20%
- BPLR increased by 20 basis points from 16.00% to 16.20%
Rate Revision Details
MCLR Rates:
- Overnight MCLR: Revised from 9.00% to 9.05% (+5 bps)
- One-month MCLR: Revised from 9.00% to 9.05% (+5 bps)
- Three-month MCLR: Revised from 9.15% to 9.20% (+5 bps)
- Six-month MCLR: Revised from 9.30% to 9.35% (+5 bps)
- One-year MCLR: Revised from 9.40% to 9.45% (+5 bps)
Base Rate:
- Revised from 11.00% to 11.20% (+20 bps)
BPLR (Benchmark Prime Lending Rate):
- Revised from 16.00% to 16.20% (+20 bps)