Date: June 1, 2026

Board Meeting Outcomes

The Asset Liability Management Committee (ALCO) of Indian Bank reviewed and revised the bank's benchmark lending rates. The committee decided to revise the Marginal Cost of funds based Lending Rate (MCLR) and Treasury Bills Linked Lending Rates (TBLR), while keeping Base Rate, Benchmark Prime Lending Rate (BPLR), Policy Repo Rate, and Repo Linked Benchmark Lending Rates (RBLR) unchanged.

Rate Changes Effective June 3, 2026

MCLR Revision

| Tenor | Existing Rate (%) | Revised Rate (%) | Change (bps) |

| Overnight | 7.90% | 7.90% | 0 |

| 1 month | 8.20% | 8.20% | 0 |

| 3 months | 8.40% | 8.50% | +10 |

| 6 months | 8.65% | 8.75% | +10 |

| 1 Year | 8.75% | 8.85% | +10 |

TBLR Revision

| Tenor | Existing Rate (%) | Revised Rate (%) | Change (bps) |

| ≤ 3 months | 5.25% | 5.35% | +10 |

| >3 months & ≤6 months | 5.45% | 5.55% | +10 |

| >6 months & ≤1 year | 5.60% | 5.75% | +15 |

| >1 year & ≤ 3 Years | 5.60% | 5.75% | +15 |

Unchanged Rates

Base Rate and BPLR:

  • Base Rate: 9.55%
  • Benchmark Prime Lending Rate (BPLR): 13.80%

Other Benchmark Rates:

  • Policy Repo Rate: 5.25%
  • Repo Linked Benchmark Lending Rates (RBLR): 7.95%