Quarterly Updates11 Dec 2025, 08:07 pm
Indian Overseas Bank Reduces MCLR by 5 bps and EBLR by 25 bps
AI Summary
Indian Overseas Bank has announced revisions in its MCLR and EBLR, effective from 15.12.2025. The Assets and Liabilities Management Committee reduced the MCLR by 5 bps in Three-Months, Six-Months, and 1-Year MCLR. The External Benchmark Lending Rate (EBLR) was also reduced by 25 bps, following the Repo Rate cut of 25 bps announced by RBI in its MPC meeting held from Dec 3 to 5, 2025.
Key Highlights
- Indian Overseas Bank reduces MCLR by 5 bps in Three-Months, Six-Months, and 1-Year MCLR.
- EBLR reduced by 25 bps following the Repo Rate cut of 25 bps announced by RBI.
- Repo Linked Lending Rate (RLLR) now at 8.10% and Repo Rate at 5.25%.