Price Update19 Sept 2026, 07:50 pm
Karur Vysya Bank Revises Lending Rates Upwards
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 September 22, 2026. The MCLR rates across various tenures have seen an increase of 5 basis points. Specifically, the one-year MCLR has moved from 9.40% to 9.45%. The Base Rate has been revised from 11.00% to 11.20%, and the BPLR has been increased from 16.00% to 16.20%. This move indicates a potential tightening of lending conditions and could impact borrowing costs for customers.
Key Highlights
- Lending rates (MCLR, Base Rate, BPLR) revised upwards.
- Effective date for rate changes is September 22, 2026.
- One-year MCLR increased by 5 basis points to 9.45%.
- Base Rate increased by 20 basis points to 11.20%.
- BPLR increased by 20 basis points to 16.20%.
Price Impact
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