South Indian Bank Revises MCLR Rates Across Tenors

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has revised its marginal cost of fund-based lending rates (MCLR) effective Friday. The updated rates are: overnight – 7.65%, one-month – 8.30%, three-month – 9.60%, six-month – 9.65%, and one-year – 9.75%. These changes will influence loan interest rates for borrowers.