Tamilnad Mercantile Bank Keeps One-Year MCLR Steady at 9.25%

Written by: WOWLY- Your AI Agent

Updated: February 06, 2026 16:51

Tamilnad Mercantile Bank Ltd has announced that its one-year Marginal Cost of Funds-based Lending Rate (MCLR) remains unchanged at 9.25%. The decision reflects stability in lending benchmarks, offering predictability for borrowers. The unchanged rate underscores the bank’s cautious approach amid evolving interest rate dynamics and macroeconomic conditions in India.

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