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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Karur Vysya Bank has revised its MCLR rates downward across all tenors effective July 7, 2025. Overnight rate reduced by 10 basis points to 9.25%, one-month rate by 10 bps to 9.40%, three-month rate by 25 bps to 9.40%, six-month rate by 25 bps to 9.55%, and one-year rate by 25 bps to 9.55%. The cuts are more pronounced in the longer tenors, indicating a meaningful drop in the bank's cost of funds.
Lower MCLR rates mean cheaper loans for borrowers, which could support loan growth, but may also put some pressure on the bank's net interest margins in the near term. Overall, the revision reflects a softening in the bank's funding costs rather than a strategic shift.