Indian Bank has announced revisions to its Treasury Bills Linked Lending Rates (TBLR), Base Rate, and Benchmark Prime Lending Rate (BPLR). These changes will take effect on October 3, 2024, following a review by the Asset Liability Management Committee (ALCO). Below are the updated rates:
Revised Lending Rates:
| Category | Existing Rate (%) | Revised Rate (%) |
|---|---|---|
| TBLR | ||
| ≤ 3 months | 6.60% | 6.60% |
| >3 months & ≤ 6 months | 6.70% | 6.65% |
| >6 months & ≤ 1 year | 6.75% | 6.65% |
| >1 year & ≤ 3 years | 6.75% | 6.65% |
| Base Rate | 9.80% | 9.85% |
| Benchmark Prime Lending Rate (BPLR) | 14.05% | 14.10% |
Unchanged Rates:
| Category | Rate (%) |
|---|---|
| MCLR | |
| Overnight | 8.25% |
| 1 month | 8.45% |
| 3 months | 8.60% |
| 6 months | 8.85% |
| 1 year | 9.00% |
| Policy Repo Rate | 6.50% |
| Repo Linked Benchmark Lending Rate (RBLR) | 9.20% |
These changes are aimed at keeping Indian Bank’s rates competitive and aligned with current market conditions.
