New Delhi: State-owned Indian Bank said in a regulatory filing on Saturday that it has changed and revised its TBLR AND MCLR rates. Further, the bank notified that "the revised MCLR and TBLR will be effective from April 3." It also stated that "other Benchmark Rates viz, Policy Repo Rate, RBLR, Base Rate and BPLR remain unchanged."
The filing highlighted that the MCLR rates for overnight, one month, three months and six months have not been changed while the MCLR rate for one year has increased from 8.55 percent to 8.6 percent, registering an increase of 0.58 percent.
The bank also highlighted that the TBLR rate for less than or equal to three months has increased from 6.65 percent to 6.85 percent. TBLR rate for more than three months and less than or equal to six months has increased from seven percent to 7.25 percent. The TBLR rate for more than six months but less than or equal to one year has increased from 7.05 percent to 7.3 percent. The TBLR rate for more than one year but less than or equal to three years has increased from 7.05 percent to 7.3 percent.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)