<ul data-eligibleForWebStory="false"><li>Indian Bank has reduced its Marginal Cost of Funds Based Lending Rate for one year maturity by 5 basis points to 9%.</li><li>The new rate will be effective from July 3, benefiting borrowers with lower interest rates on various loans.</li><li>In addition to the rate cut, Indian Bank has waived minimum balance charges across all Savings Bank accounts, effective from July 7.</li><li>This initiative aims to promote financial inclusion and make banking more accessible to all sections of society.</li></ul>

Indian Bank Cuts Lending Rate By 5 Bps

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