Indian Bank revises MCLRs from May 3, 2021

The Asset Liability Management Committee (ALCO) of Indian Bank in its meeting held on April 29, 2021 reviewed the existing Marginal Cost of Funds Based Lending Rates (MCLRs) and decided to revise the MCLR. The details are as under:


Overnight MCLR has been revised from 7.05% to 6.90%
1 month MCLR has been revised from 7.10% to 7.05%
3 months MCLR has been revised from 7.25% to 7.15%
6 months MCLR has been revised from 7.30% to 7.20%
1 year MCLR has been unchanged at 7.30%

The revised MCLR (in %) is applicable w.e.f 03.05.2021.

Shares of INDIAN BANK was last trading in BSE at Rs.111.95 as compared to the previous close of Rs. 113.35. The total number of shares traded during the day was 74500 in over 900 trades.

The stock hit an intraday high of Rs. 115.2 and intraday low of 111.3. The net turnover during the day was Rs. 8387435.

Source : Equity Bulls

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