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Indian Bank Hikes Lending Rates by Up to 25 Basis Points, Check Details Here

State-owned Indian Bank on Monday increased lending rates, including the marginal cost of funds-based lending rates (MCLR), by up to 25 basis points. Indian Bank Hikes Lending Rates by Up to 25 Basis Points, Check Details Here.

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BAD NEWS for Loan borrowers! Indian Bank hikes lending rates by up to 25 bps-- Check new rates here

The overnight MCLR rate has been revised upward by 25 basis points to 7.75 percent, while that of one month to six months tenure hiked by 20 basis points, the bank said.

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Indian Bank makes upward revision in MCLR and TBLR; stock slips ~1 5%

It further revised 3-month tenor rates from 6.85% to 7.00%. Bank’s 6-month tenor rate has been revised from 7.00% to 7.25%.

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