Karur Vysya Bank reduces MCLR by 10 bps across tenures
This story was originally published at 15:33 IST on 5 September 2025
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--Karur Vysya Bank cuts MCLR by 10 bps across tenures
MUMBAI – Karur Vysya Bank has reduced the marginal cost of funds-based lending rates by 10 basis points across tenures, effective Sunday, the bank said in an exchange filing on Thursday.
The revised MCLR for the bank now ranges from 9.15% to 9.45%. The Reserve Bank of India's norms require banks to review their MCLR every month. The Tamil Nadu-based bank's net profit for the June quarter rose nearly 14% on year to INR 5.21 billion. Sequentially, the net profit was up just a little over 1%. The bank's other income increased nearly 16% on year to INR 4.47 billion. At 1521 IST, the shares of the bank traded at INR 206.00 on the National Stock Exchange, up 1.5% from the previous close.
Karur Vysya Bank's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| Overnight | 9.15 | 9.25 |
| One month | 9.30 | 9.40 |
| Three months | 9.30 | 9.40 |
| Six months | 9.45 | 9.55 |
| One year | 9.45 | 9.55 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Ketaki Patil
Edited by Akul Nishant Akhoury
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