Karur Vysya Bank has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective from May 22, 2026. The bank has adjusted its rates across various tenures, reflecting a strategic move to align with current financial conditions.
The overnight MCLR has been reduced from 8.85% to 8.65%, while the one-month MCLR has seen a notable decrease from 9.00% to 8.55%. The three-month MCLR has been revised from 9.00% to 8.85%. Meanwhile, the six-month MCLR has been slightly adjusted from 9.15% to 9.00%. The one-year MCLR remains unchanged at 9.15%.
These revised rates are part of the bank’s ongoing efforts to provide competitive lending rates to its customers. The adjustments in the MCLR are expected to impact the interest rates on loans linked to these benchmarks, potentially offering some relief to borrowers.
This revision is in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of significant changes in financial policies.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).