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IOB Raises Lending Benchmarks By 5 Basis Points, One-Year MCLR Moves To 8.90%

IOB Raises Lending Benchmarks By 5 Basis Points, One-Year MCLR Moves To 8.90%
Photo: Free Press Journal · view original

Mumbai: Indian Overseas Bank has increased its Marginal Cost of Funds based Lending Rate by five basis points across most tenors, effective October 15, 2026. The one-month benchmark remains unchanged, according to the bank’s announcement. The revision raises overnight, three-month, six-month, one...

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