Mumbai: In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Karur Vysya Bank has officially informed the stock exchanges of a revision in its Marginal Cost of Funds Based Lending Rates (MCLR). The new rates will come into effect from July 7, 2025.
This revision includes a reduction across all tenures, aiming to make borrowing more affordable for customers. Below are the changes:
- Overnight MCLR has been reduced from 9.35 percent to 9.25 percent
- One Month MCLR is revised from 9.50 percent to 9.40 percent
- Three Month MCLR drops from 9.65 percent to 9.40 percent
- Six Month MCLR is lowered from 9.80 percent to 9.55 percent
- One Year MCLR also decreases from 9.80 percent to 9.55 percent
These reductions range between 10 to 25 basis points, reflecting a more competitive lending environment and possibly signaling improved liquidity or reduced cost of funds for the Karur Vysya Bank.
Borrowers, particularly those with loans linked to MCLR, may benefit from this change, as it could lead to lower interest payments.
The Karur Vysya Bank has requested the stock exchanges and stakeholders to take this update on record.
