Karur Vysya Bank Announces Revision in Marginal Cost of Funds Based Lending Rates Effective July 22

Private sector lender Karur Vysya Bank has announced regarding a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) across select tenors. The updated lending rates will come into effect starting July 22, 2026.

Key Highlights of the Rate Revision

Under the updated benchmark framework, Karur Vysya Bank has adjusted rates for short-term and long-term tenors while keeping medium-term rates stable:

Overnight MCLR: Revised upward to 8.85% from the existing rate of 8.75% (a 10 basis point increase).

One-Month MCLR: Increased to 8.75% from the previous 8.65% (a 10 basis point increase).

Three-Month MCLR: Maintained unchanged at 8.95%.

Six-Month MCLR: Adjusted to 9.15% from the existing 9.10% (a 5 basis point increase).

One-Year MCLR: Upwardly revised to 9.35% from 9.25% (a 10 basis point increase).

The upward adjustments in key benchmark tenors mean that floating-rate credit facilities and consumer/corporate loans tied directly to the bank's MCLR structure will experience corresponding rate resets based on their respective reset schedules starting July 22.

Shares of Karur Vysya Bank Limited was last trading in BSE at Rs. 309.65 as compared to the previous close of Rs. 304.05. The total number of shares traded during the day was 62839 in over 926 trades.

The stock hit an intraday high of Rs. 311.00 and intraday low of 301.80. The net turnover during the day was Rs. 19259336.00.

Source : Equity Bulls

Keywords

KarurVysyaBank INE036D01028 KVB MCLR Revision