Karur Vysya Bank increases MCLR rates from today

7 Mar 2022 , 09:40 AM

Karur Vysya Bank has revised Marginal Cost of Funds Based Lending Rates (MCLR), Base Rate and Benchmark Prime Lending Rate (BPLR).

The MCLR rates have been raised by 0.15% effective today. Overnight MCLR has been raised to &.60% from 7.45%. One Month MCLR has been increased to 7.75% from 7.60%. Three Month MCLR enhanced to 7.90% from 7.75%. Six Month MCLR has been raised to 8.25% from 8.10% and One Year MCLR to 8.35% from 8.20%. 

The Base Rate and BPLR have been also increased by 0.60% with effect from March 14, 2022. Base Rate has been raised to 8.35% from 7.75% while BPLR increased to 13.35% from 12.75%.

At around 9.40 am, Karur Vysya Bank Ltd was trading at Rs44.75 per piece down by Rs1.3 or 2.82% from its previous closing of Rs46.05 per piece on the BSE.