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PNB, Indian Bank up MCLRs; BoI increases term deposit rates

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PNB, Indian Bank up MCLRs; BoI increases term deposit rates
Photo / Coverage: The Hindu Business Line
EXECUTIVE SUMMARY

The interest rate changes come in the backdrop of the Reserve Bank of India’s rate-setting panel raising the policy repo rate by 25 basis points from 5.25 per cent to 5.50 per cent on October 07, 2026

Key Takeaways

  • PNB, Indian Bank up MCLRs; BoI increases term deposit rates.

The interest rate changes come in the backdrop of the Reserve Bank of India’s rate-setting panel raising the policy repo rate by 25 basis points from 5.25 per cent to 5.50 per cent on October 07, 2026

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Published originally on The Hindu Business Line

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