Lending Rates
Karur Vysya Bank raises MCLR by 10 bps across tenures, effective Mon
This story was originally published at 19:46 IST on 19 June 2026
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--Karur Vysya Bank hikes MCLR by 10 bps across tenures
MUMBAI – Karur Vysya Bank Friday said it has raised its marginal cost of funds-based lending rates by 10 basis points across tenures. The new rates will be effective from Monday, the bank said in an exchange filing.
The Reserve Bank of India's norms require banks to review their MCLR monthly. The private sector bank has also raised its base rate and benchmark prime lending rate by 50 bps each to 11% and 16%, respectively, from 10.50% and 15.50%.
For the March quarter, Karur Vysya Bank had reported consolidated net profit of INR 7.25 billion on total income of INR 35.19 billion. On Friday, shares of the bank ended at INR 291.75 on the National Stock Exchange, down 1.7% from the previous close.
Karur Vysya Bank's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised (%) | Previous rate(%) |
| Overnight MCLR | 8.75 | 8.65 |
| One-month MCLR | 8.65 | 8.55 |
| Three-month MCLR | 8.95 | 8.85 |
| Six-month MCLR | 9.10 | 9.00 |
| One-year MCLR | 9.25 | 9.15 |
End
Reported by J. Navya Sruthi
Edited by Saji George Titus
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