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Informist, Monday, Jul. 20, 2026

--Karur Vysya Bk to up MCLR by 10 bps across overnight, 1-mo, 1 yr tenures 

MUMBAI – Karur Vysya Bank will raise its marginal cost of funds-based lending rates by 10 basis points for overnight, one-month and one-year tenures, the lender said in an exchange filing Saturday. The new rates will be effective from Wednesday. The bank will raise its six-month MCLR rate by 5 basis points, while keeping its three-month MCLR rate unchanged. The bank's revised MCLR now range from 8.85% to 9.35%.

The Reserve Bank of India's norms require banks to review the MCLR monthly. The RBI's Monetary Policy Committee last month left the repo rate unchanged at 5.25%. 

For the March quarter, Karur Vysya Bank had reported a consolidated net profit of INR 7.25 billion on total income of INR 35.19 billion. At 0940 IST, shares of the bank was at INR 310.95 on the National Stock Exchange, up 1.4% from the previous close.

The bank's marginal cost of funds-based lending rates for various tenures are as follows:

End

US$1 = INR 96.44

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Janwee Prajapati

Edited by Avishek Dutta

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