The South Indian Bank Limited — Important, 18-01-2025: Updates

The South Indian Bank has updated its Marginal Cost of Funds Based Lending Rates (MCLR) effective January 20, 2025. The revised rates for various tenors are as follows: Overnight MCLR at 8.00%, One-month MCLR at 8.65%, Three-month MCLR at 9.95%, Six-month MCLR at 10.00%, and One-year MCLR at 10.10%. This adjustment may influence borrowing costs for customers and reflects the bank’s strategy in response to market conditions. Stakeholders should monitor how these changes could affect loan demand and the bank’s competitive positioning in the lending market.