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Karur Vysya Bank revises Marginal Cost of Funds based Lending Rates

06 Oct 2016 Evaluate

Karur Vysya Bank, a private sector lender, will revise the Marginal Cost of Funds based Lending Rates (MCLR). The overnight, 1month and 3month MCLR are revised to 9.50% p.a each, while the 6month and I Yr MCLR are revised to 9.70% p.a and 9.90% p.a respectively. MCLR will be revised with effect from October 7, 2016.

Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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