Indian Bank Trims Lending Rate: 1-Year MCLR Cut to 9.00% Signals Softer Credit Outlook

Unknown Apr 02, 2026 2 Views

Indian Bank has revised its one-year Marginal Cost of Funds-Based Lending Rate (MCLR) to 9.00%, down from 9.05%, effective July 2, 2025. The move reflects a marginal easing in the bank’s cost of funds and could translate into slightly lower borrowing costs for retail and corporate customers...