Karur Vysya Bank Limited has informed the Exchange regarding 'Revision in Marginal Cost of Funds Based Lending Rates (MCLR)'.
KARURVYSYA · price
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Awaiting price reaction for this filing.
Karur Vysya Bank has revised its MCLR rates across tenures with effect from June 7, 2025. Overnight, one-month, and three-month MCLRs remain unchanged at 9.35%, 9.50%, and 9.65% respectively. The six-month MCLR has been reduced by 10 basis points from 9.90% to 9.80%, while the one-year MCLR has been cut by 20 basis points from 10.00% to 9.80%. The revision suggests some easing in the bank's cost of funds, leading to lower lending rates for longer-tenure borrowers.
Lower MCLRs on six-month and one-year tenures may modestly squeeze net interest margins on new loans, but signal a competitive lending stance. Overall impact on stock is likely neutral in the short term.