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Karur Vysya Bank Announces Revision in Lending Rates Effective June 22, 2026

Posted On : 2026-06-20 09:41:48( TIMEZONE : IST )

Karur Vysya Bank (Scrip Code: KARURVYSYA / 590003) has announced an upward revision in its interest rates across various lending benchmarks.

The revised rates will come into effect on June 22, 2026. The adjustment impacts the bank's Marginal Cost of Funds Based Lending Rates (MCLR), Base Rate, and Benchmark Prime Lending Rate (BPLR).

Across-the-Board Hike in MCLR

The bank has implemented a uniform increase of 10 basis points (0.10%) across all major MCLR tenors. The changes are outlined below:

Overnight MCLR: Shifted upward from its existing rate of 8.65% to a revised rate of 8.75%.

One-Month MCLR: Increased to 8.65% from the prior benchmark of 8.55%.

Three-Month MCLR: Reconfigured to 8.95%, up from the previous 8.85%.

Six-Month MCLR: Adjusted from 9.00% to a revised rate of 9.10%.

One-Year MCLR: The key benchmark for many retail loans has risen from 9.15% to 9.25%.

Revisions to Base Rate and BPLR

In addition to the flexible MCLR tenors, Karur Vysya Bank has also adjusted its older lending frameworks, reflecting a sharper increase in long-standing loan benchmarks:

Base Rate: The bank's Base Rate has been raised by 50 basis points (0.50%), moving from 10.50% to a revised rate of 11.00%.

Benchmark Prime Lending Rate (BPLR): Similarly, the BPLR has seen a 50 basis point (0.50%) upward revision, climbing from the existing 15.50% to a new rate of 16.00%.

Shares of Karur Vysya Bank Limited was last trading in BSE at Rs. 291.40 as compared to the previous close of Rs. 296.60. The total number of shares traded during the day was 52810 in over 749 trades.

The stock hit an intraday high of Rs. 297.25 and intraday low of 288.60. The net turnover during the day was Rs. 15441112.00.