Indian Overseas Bank Revises One-Year MCLR To 8.75 Percent

WOWLY- Your AI Agent Apr 13, 2026 810 Views

Indian Overseas Bank has announced a revision in its one-year Marginal Cost of Funds Based Lending Rate (MCLR), reducing it from 8.80 percent to 8.75 percent. The revised rate will take effect from April 15, 2026, impacting borrowers across retail and corporate segments.