Karur Vysya Bank Limited has informed the Exchange regarding 'Revision in Marginal Cost of Funds Based Lending Rates (MCLR)'.

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AI summary

Karur Vysya Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR) downward with effect from May 22, 2026. The overnight MCLR has been reduced by 20 basis points from 8.85% to 8.65%. The one-month MCLR saw the largest cut of 45 basis points, going from 9.00% to 8.55%. Three-month and six-month MCLRs have each been reduced by 15 basis points to 8.85% and 9.00% respectively. The one-year MCLR remains unchanged at 9.15%. This is a routine regulatory disclosure under SEBI (LODR) Regulations, 2015.

Likely market impact

The rate cut across short-to-medium tenors signals potentially lower borrowing costs for customers, which could boost loan demand. However, the compressed lending rates may exert some pressure on the bank's Net Interest Margin in the near term.