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 Marginal Cost of Funds Based Lending Rate (MCLR), which is the internal benchmark rate below which the bank cannot lend. The MCLR directly determines the interest rates offered on new loans across various tenures. The exact direction of the change (increase or decrease) and the new rate levels are not specified in the headline. A revision in MCLR affects both existing and new borrowers depending on the reset dates of their loans.
This is a routine internal rate revision and is unlikely to cause a major stock price reaction. However, a higher MCLR could slightly improve the bank's net interest margins, while a cut could squeeze margins but support loan growth.