Price Update17 Oct 2026, 03:40 pm
South Indian Bank Revises MCLR Rates Effective Oct 20, 2026
AI Summary
South Indian Bank Ltd has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) for various tenors, effective October 20, 2026. The new rates range from 8.20% for overnight tenor to 9.50% for a one-year tenor. This change is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The updated MCLR structure is also available on the bank's official website.
Key Highlights
- MCLR rates revised effective October 20, 2026.
- Overnight MCLR stands at 8.20%.
- One-year MCLR is set at 9.50%.
- Rates updated across multiple tenors.
- Information hosted on the bank's website.
Price Impact
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