Karur Vysya Bank (KVB) has announced a revision to its Marginal Cost of Funds Based Lending Rates (MCLR), effective from February 22, 2026. In line with the market adjustments, the bank has reduced the benchmark rates across all applicable tenors. The One-year MCLR has been lowered from 9.20% to 9.10%, reflecting a general downward trend in the bank’s cost of funds.
Official Notification of Rate Revision
Karur Vysya Bank (KVB) has formally communicated an update regarding its Marginal Cost of Funds Based Lending Rates (MCLR) structure. This revision is being implemented pursuant to regulatory requirements and market conditions, as detailed in the official communication dated February 19, 2026.
The revised MCLR schedule will be effective starting February 22, 2026. The management confirmed that the adjustments reflect the current cost of funds environment.
Detailed MCLR Rate Comparison
The bank has provided a comparative table illustrating the changes across various lending tenors:
- Overnight MCLR: Reduced from 8.90% to 8.80%.
- One-month MCLR: Decreased from 9.05% to 8.95%.
- Three-month MCLR: Adjusted from 9.05% to 8.95%.
- Six-month MCLR: Lowered from 9.20% to 9.10%.
- One-year MCLR: Reduced from 9.20% to 9.10%.
Notably, the One-month and Three-month tenors now share the same revised rate of 8.95%. Similarly, both the Six-month and One-year MCLR have settled at 9.10% following the revision.
Regulatory Filing and Compliance
This intimation has been issued to the National Stock Exchange of India Ltd and BSE Limited in compliance with applicable listing regulations. The document was signed by Srinivasarao M, Company Secretary & Deputy General Manager, confirming the official nature of the data disclosed.
Source: BSE
