Price Update18 Jul 2026, 05:10 pm
South Indian Bank Revises MCLR Rates Effective July 20, 2026
AI Summary
South Indian Bank Ltd has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) applicable across various tenors. The new rates will be effective from July 20, 2026. The bank has updated its Overnight MCLR to 8.00%, One-month MCLR to 8.45%, Three-month MCLR to 9.40%, Six-month MCLR to 9.45%, and One-year MCLR to 9.50%. This change is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The updated information is also available on the bank's official website.
Key Highlights
- MCLR rates revised effective July 20, 2026.
- Overnight MCLR set at 8.00%, One-year MCLR at 9.50%.
- Rates updated for tenors from overnight to one year.
- Information disclosed as per SEBI regulations.
- Updated rates hosted on the bank's website.
Price Impact
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