Price Update19 Jun 2026, 07:30 pm
Karur Vysya Bank Revises Lending Rates Effective June 22, 2026
AI Summary
Karur Vysya Bank Ltd has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), Base Rate, and BPLR, effective from June 22, 2026. The MCLR rates across various tenors, including overnight, one-month, three-month, six-month, and one-year, will see an increase of 10 basis points. The Base Rate will be revised from 10.50% to 11.00%, and the BPLR will be adjusted from 15.50% to 16.00%. This move indicates a potential tightening of lending conditions and could impact borrowing costs for customers.
Key Highlights
- MCLR, Base Rate, and BPLR to be revised effective June 22, 2026.
- All MCLR tenors to increase by 10 basis points.
- Base Rate increases from 10.50% to 11.00%.
- BPLR increases from 15.50% to 16.00%.
- Indicates a potential rise in borrowing costs for customers.
Price Impact
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