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  • Benchmark Lending Rates For Loans and Advances WEF 03.09.2022

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    Ashish Kr
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    The ALCO has reviewed and revised benchmark interest rates effective September 3, 2022 until the next review. The MCLR rates have been increased by 0.1% for overnight loans to 0.95% and by 0.1% for 1-month loans to 7.25%, while the TBLR rates have been increased by 0.3% for loans less than 3 months to 5.55%. The policy repo rate remains 5.4% and other benchmark rates including RBLR, base rate, and BPLR are also provided.

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    Benchmark-Lending-Rates-for-Loans-and-Advances-WEF-03.09.2022

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    The ALCO has reviewed and revised benchmark interest rates effective September 3, 2022 until the next review. The MCLR rates have been increased by 0.1% for overnight loans to 0.95% and by 0.1% for 1-month loans to 7.25%, while the TBLR rates have been increased by 0.3% for loans less than 3 months to 5.55%. The policy repo rate remains 5.4% and other benchmark rates including RBLR, base rate, and BPLR are also provided.

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    9 views1 page

    Benchmark Lending Rates For Loans and Advances WEF 03.09.2022

    Uploaded by

    Ashish Kr
    The ALCO has reviewed and revised benchmark interest rates effective September 3, 2022 until the next review. The MCLR rates have been increased by 0.1% for overnight loans to 0.95% and by 0.1% for 1-month loans to 7.25%, while the TBLR rates have been increased by 0.3% for loans less than 3 months to 5.55%. The policy repo rate remains 5.4% and other benchmark rates including RBLR, base rate, and BPLR are also provided.

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    CO: Risk Management Department

    Asset Liability Management Committee (ALCO) has reviewed the Marginal Cost of funds
    based Lending Rate (MCLR), Treasury Bills Linked Lending Rates (TBLR). Revised rates
    are effective from 03.09.2022 till next review. The Benchmark rates are as below:

    MCLR:

    S.No Tenor Existing Rate (%) Revised Rate (%)


    1 Overnight 6.85% 6.95%
    2 1 month 7.15% 7.25%
    3 3 months 7.25% 7.35%
    4 6 months 7.50% 7.60%
    5 1 Year 7.65% 7.75%

    TBLR:

    S.No Tenor Existing Rate (%) Revised Rate (%)


    1 <= 3 months 5.25% 5.55%
    2 >3 months &<=6 months 5.70% 5.85%
    3 >6 months &<=1 year 6.15% 6.20%
    4 >1 year &<= 3 Years 6.15% 6.20%

    Other Benchmark Rates:

    S No Benchmark Rate
    1 Policy Repo Rate 5.40%
    2 RBLR w.e.f 06.08.2022 8.20%
    3 Base Rate w.e.f 03.07.2022 8.70%
    4 BPLR w.e.f 03.07.2022 12.95%

    Assistant General Manager (RMD)

    Dt: 02.09.2022

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