Karur Vysya Bank (KVB) announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective from October 22, 2026. The bank has reduced its MCLR across various tenors, with the overnight and one-month MCLR seeing a decrease of 0.20% to 8.85%. Rates for three-month, six-month, and one-year tenors have also been lowered, reflecting a move towards more competitive lending practices.
Karur Vysya Bank Revises MCLR
Karur Vysya Bank (KVB) has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) that will be effective from October 22, 2026. This adjustment follows regulatory guidance and is aimed at aligning lending rates with current market conditions.
Key Rate Changes
The bank has implemented rate cuts across its MCLR tenors. The most significant reduction is seen in the Overnight MCLR and One-month MCLR, both of which have been reduced by 0.20% from 9.05% to 8.85%. Similarly, the Three-month MCLR has been decreased by 0.20% to 9.00%. The Six-month MCLR is now 9.15%, down from 9.35%, and the One-year MCLR has been revised to 9.25% from the previous 9.45%.
These revised rates are intended to offer more competitive lending options to the bank’s customers and reflect KVB’s commitment to adapting its financial products to market dynamics.
Source: BSE
