Tamilnad Mercantile Bank Limited — Important, 05-07-2025: General Updates

Tamilnad Mercantile Bank has announced a board meeting to consider the financial results for the quarter and half-year. The bank is revising its Marginal Cost of Funds Based Lending Rate (MCLR) downward across all tenors, with the one-year MCLR cut from 9.50% to 9.25%. This reduction could improve loan affordability and potentially boost credit demand.