Indian Bank cuts lending rates to ease short-term borrowing costs

Indian Bank has reduced its Treasury Bill-Linked Lending Rates (TBLR), effective November 3. The changes were made after a review by the bank’s Asset Liability Management Committee. The new TBLR rates include a decrease for loans under three months from 6.6% to 6.45%, and for loans from three to six months from 6.65% to 6.55%. Rates for longer-term loans have also been lowered. Other lending rates, such as the Marginal Cost of Fund-Based Lending Rate, Base Rate, and Benchmark Prime Lending Rate, remain unchanged.