South Indian Bank has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) for various tenors, effective from 20th March 2026. This update, in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, outlines the new rates applicable for different borrowing periods.
The revised MCLR for an overnight tenor is set at 8.00%, while the one-month MCLR is adjusted to 8.45%. For a three-month period, the MCLR is now 9.40%, and for six months, it stands at 9.45%. The one-year MCLR has been revised to 9.50%.
These changes are part of the bank’s regular review of its lending rates, which are influenced by the cost of funds and other economic factors. The updated rates are also available on the bank’s official website, www.southindianbank.bank.in.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Yash Agarwal and reviewed by Aman Shukla before publication.