Indian Bank — Important, 02-07-2025: General Updates

Indian Bank has announced a board meeting to review the financial results for the quarter and half-year. The bank has revised its lending rates downward, including MCLR, TBLR, Base Rate, and BPLR across various tenors, improving borrowing costs. The Policy Repo Rate and Repo Linked Benchmark Lending Rate remain unchanged. Additionally, the bank will waive minimum balance charges on Savings Bank Accounts, enhancing customer convenience and potentially attracting more retail depositors.