Updates

Karur Vysya Bank Limited has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), Base Rate, and BPLR, effective from June 22, 2026. The bank increased its MCLR across all tenors by 10 basis points (bps). For instance, the Overnight MCLR will rise from 8.65% to 8.75%, and the One-year MCLR from 9.15% to 9.25%. This upward adjustment in lending rates is typically seen as positive for the bank's financial performance, potentially leading to improved Net Interest Margins (NIMs) on new and repriced loans.