Karur Vysya Bank Reduces Six Month and 1 Year MCLR
By Ankur Chandra | Updated at: Jun 7, 2025 01:31 AM IST
Karur Vysya Bank Ltd (NSE: KARURVYSYA, BSE: 590003) has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) across select tenors, effective June 7, 2025, as per the bank’s regulatory filing under SEBI (LODR) Regulations.
Key Changes in MCLR
| Tenor | Previous MCLR | Revised MCLR |
|---|---|---|
| Overnight | 9.35% | 9.35% |
| One Month | 9.50% | 9.50% |
| Three Month | 9.65% | 9.65% |
| Six Month | 9.90% | 9.80% |
| One Year | 10.00% | 9.80% |
Notably, the bank has reduced its Six-Month and One-Year MCLR rates by 10 basis points each, signaling a slight easing in borrowing costs for medium-term and annual loan products, including home and SME loans, which are often benchmarked to the 1-year MCLR.
Karur Vysya Bank Stock Performance
Shares of Karur Vysya Bank have gained 20% over the last year and 5.48% year-to-date. The stock has gained 13% in the previous month.
About Karur Vysya Bank
Tamil Nadu-based Karur Vysya Bank is a century-old private sector bank with a strong presence in South India. It offers a diversified portfolio including retail, corporate, and SME lending. The bank regularly revises its MCLR to align with changes in funding costs, liquidity conditions, and RBI policy cues. Borrowers with loans linked to the MCLR can expect their EMIs to be revised at the next reset date , as specified in their loan agreement.
REF: https://nsearchives.nseindia.com/corporate/KARURVYSYA_06062025124013_NSE_BSE_DS.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
