Karur Vysya Bank has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective August 22, 2026. The updated rates show an increase across various tenors, including overnight, one-month, three-month, six-month, and one-year MCLR. These adjustments are in line with the bank’s standard practice for repricing its loan products based on evolving funding costs.
Karur Vysya Bank Announces MCLR Revision
Karur Vysya Bank has officially announced an update to its Marginal Cost of Funds Based Lending Rates (MCLR). This revision is set to take effect from August 22, 2026, impacting the bank’s lending products. The announcement was made in compliance with regulatory requirements for financial institutions to disclose such rate changes.
Updated MCLR Rates
The Marginal Cost of Funds Based Lending Rates (MCLR) for various tenors have been revised as follows:
- Overnight MCLR: Increased from 8.85% to 9.00%
- One-month MCLR: Increased from 8.75% to 9.00%
- Three-month MCLR: Increased from 8.95% to 9.15%
- Six-month MCLR: Increased from 9.15% to 9.30%
- One-year MCLR: Increased from 9.35% to 9.40%
These revised rates reflect the bank’s current cost of funds and are crucial for its interest income management and competitive positioning in the lending market.
Source: BSE
