Karur Vysya Bank cuts MCLR by up to 25 bps across tenures, effective July 7
Karur Vysya Bank announced a reduction in its Marginal Cost of Funds Based Lending Rates (MCLR) across all loan tenures, effective July 7, 2025, according to a regulatory filing with NSE and BSE. The move is expected to lower borrowing costs for customers across various loan products linked to MCLR.
As per the disclosure, the overnight MCLR has been reduced by 10 basis points (bps) from 9.35% to 9.25%. The one-month MCLR has come down from 9.50% to 9.40%, while the three-month MCLR saw the sharpest cut of 25 bps, dropping from 9.65% to 9.40%. Similarly, the six-month and one-year MCLRs have both been reduced from 9.80% to 9.55%, a cut of 25 bps each.
The revised rates are as follows: Overnight: 9.25%
One Month: 9.40%
Three Months: 9.40%
Six Months: 9.55%
One Year: 9.55%
The bank's move comes at a time when the broader interest rate environment remains stable, and banks are competing to offer more attractive rates to borrowers. This cut is expected to benefit both retail and corporate borrowers with loans linked to the bank's MCLR.
Karur Vysya Bank communicated the revision under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
The reduction in MCLR is in line with the industry trend of marginal easing in lending rates and could help support credit growth in the coming quarters.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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