Karur Vysya Bank Ltd has informed BSE regarding "Revision in Marginal Cost of Funds Based Lending Rates (MCLR)".
KARURVYSYA · price
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Karur Vysya Bank has informed BSE about a revision in its Marginal Cost of Funds Based Lending Rate (MCLR). MCLR is the internal benchmark rate used by banks to set interest rates on loans, and it directly impacts lending rates for borrowers. A revision typically reflects changes in the bank's cost of funds, market conditions, or the RBI policy rate environment. Specific new MCLR slabs or effective dates would be available in the bank's detailed notification.
A change in MCLR affects the interest rates on new loans and may influence the bank's net interest margins, which can impact profitability and shareholder returns.