Price Update21 Aug 2026, 09:24 am
Karur Vysya Bank Revises MCLR Rates Effective August 22, 2026
AI Summary
Karur Vysya Bank Ltd has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective August 22, 2026. The bank has increased its MCLR across various tenures. For instance, the overnight MCLR will move from 8.85% to 9.00%, and the one-year MCLR will be revised from 9.35% to 9.40%. These adjustments are in line with regulatory requirements and market conditions, impacting the cost of borrowing for customers with loans linked to MCLR.
Key Highlights
- MCLR rates revised effective August 22, 2026.
- Overnight MCLR increased to 9.00% from 8.85%.
- One-year MCLR adjusted to 9.40% from 9.35%.
- All MCLR tenures see a rate increase.
- Update follows SEBI (Listing Obligations) Regulations, 2015.
Price Impact
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