Karur Vysya Bank (KVB) has announced revisions to its lending rates under Regulation 30 of the SEBI (LODR) Regulations, 2015. These changes are aimed at providing competitive interest rates to borrowers.
Effective December 13, 2024, the Base Rate will decrease from 11.80% to 11.70%, and the Benchmark Prime Lending Rate (BPLR) will reduce from 16.80% to 16.70%.
Additionally, the External Benchmark Rate – Repo linked (EBR-R) will be revised from 9.90% to 9.85%, effective December 30, 2024.
In the meantime, Karur Vysya Bank shares surged to a new 52-week high of ₹246.00 on Monday, closing slightly lower at ₹242.00. The stock opened at ₹243.35 and dipped to ₹240.00 during the day.
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Karur Vysya Bank