India · English
IOB Raises Lending Benchmarks By 5 Basis Points, One-Year MCLR Moves To 8.90%
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-year, two-year and three-year MCLR rates . Five basis points equal 0.05 percentage points, making…
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