TBLR revised across tenors; MCLR, Base Rate, BPLR, Policy Repo Rate and RBLR unchanged

The Bank has revised its Treasury Bills Linked Lending Rates (TBLR), effective 03.10.2026.

Thu 1 Oct 2026

TBLR up to 3 months

5.25% → 5.30%

TBLR over 3 months up to 6 months

5.55% → 5.65%

TBLR over 6 months up to 1 year

5.70% → 5.95%

TBLR over 1 year up to 3 years

5.70% → 5.95%

Effective date

03.10.2026

What the Bank informed the exchanges

The Bank has informed the stock exchanges that its Asset Liability Management Committee (ALCO) reviewed the Marginal Cost of funds based Lending Rate (MCLR), Treasury Bills Linked Lending Rates (TBLR), Base Rate and Benchmark Prime Lending Rate (BPLR), and decided on a revision in TBLR.

What changed — TBLR (effective 03.10.2026)

• Up to 3 months: from 5.25% to 5.30%
• Over 3 months up to 6 months: from 5.55% to 5.65%
• Over 6 months up to 1 year: from 5.70% to 5.95%
• Over 1 year up to 3 years: from 5.70% to 5.95%

What stayed the same

• MCLR: overnight 7.90%, 1 month 8.20%, 3 months 8.50%, 6 months 8.75%, 1 year 8.85%
• Base Rate 9.55% and Benchmark Prime Lending Rate (BPLR) 13.80%
• Policy Repo Rate 5.25% and Repo Linked Benchmark Lending Rates (RBLR) 7.95%

What TBLR is, in simple words

TBLR is a lending rate benchmark that moves with Treasury Bills. Loans priced off TBLR will now carry slightly higher rates for the four tenors listed. The increase is 0.05% for the shortest tenor and 0.25% for the longer tenors shown. Loans linked to MCLR, Base Rate, BPLR or the repo rate are not changed by this revision.

Why this is shared

This is an update on interest rates, shared with the exchanges as part of the Bank's regular disclosures. It is an operational rate announcement rather than a statement about the Bank's earnings.

How to read it

• The revision applies only to the TBLR-linked book, so its reach depends on how much of the Bank's lending is linked to this benchmark.
• The change is a rate decision, not a statement on asset quality, capital or profitability.
• For a borrower on a TBLR-linked loan, the monthly instalment for the affected tenor would move up marginally.

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