Price Update21 Oct 2026, 07:30 pm
Karur Vysya Bank Revises MCLR Rates Downwards
AI Summary
Karur Vysya Bank Ltd has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective October 22, 2026. The bank has reduced its MCLR across all tenors. For instance, the one-year MCLR has been decreased from 9.45% to 9.25%. This move is expected to make loans cheaper for customers and could potentially impact the bank's net interest margins.
Key Highlights
- MCLR rates revised downwards effective October 22, 2026.
- One-year MCLR reduced from 9.45% to 9.25%.
- Overnight and one-month MCLR reduced to 8.85%.
- This may lead to lower borrowing costs for customers.
- Potential impact on the bank's net interest margins.
Price Impact
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