Indian Overseas Bank — Important, 11-08-2025: General Updates

Indian Overseas Bank (IOB) has reduced its lending rates. The bank cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points across all tenors. Its Base Rate has also been lowered by 20 basis points, setting the new rate at 9.80%. This operational adjustment could boost credit growth but may also influence the bank's net interest margin.