Indian Bank has announced changes in its benchmark rates. The bank has informed that the Asset Liability Management Committee has revised the Marginal Cost of Funds Based Landing Rates i.e. MCLR, Treasury Bills Linked Landing Rates i.e. TBLR, Base Rates and Benchmark Prime Lending Rates. The committee has reduced TBLR. At the same time, base rates and BPLR have been increased. There has been no change in MCLR and other benchmark rates. The bank has given this information after the market closed. On Friday, the stock closed with a gain of about one percent.

What changes have been made in the rates?

According to the information given by the bank, the rates have been increased for different time periods in TBLR. For a period of less than 3 months, the rates are stable at 6.6 percent. At the same time, for a period of 3 months to 6 months, the rates have been reduced from 6.7 percent to 6.65 percent. For a period of 6 months to one year, the rates have also been reduced from 6.7 percent to 6.65 percent. At the same time, for a period of one year to 3 years, the rates have also come down to 6.65 percent. At the same time, the bank has increased its base rates from 9.8 percent to 9.85 percent. Along with this, the Benchmark Prime Landing Rates have been increased from 14.05 percent to 14.1 percent. Changes in TBLR, base rates and BPLR will be effective from October 3. There has been no change in MCLR and overnight rates are stable at 8.25 percent, one month rates at 8.45 percent, 3 month rates at 8.6 percent, 6 month rates at 8.85 percent and one year rates at 9 percent. Repo linked benchmark landing rates are at 9.2 percent. How was the stock performance? In Tuesday's trading, Indian Bank stock closed at 526.6 with a gain of 0.8 percent. The stock's year's highest level is 626.35 and the year's lowest level is 391.25. A year ago, the stock was trading below the level of 450.