Karur Vysya Bank is all set to open new branch in Tirupur, Tamilnadu. The bank will open branch on July 25, 2022.
Earlier, the Bank had revised the Benchmark Prime Lending Rate (BPLR) by 40 basis points to 13.75 percent and the base rate by similar percentage points to 8.75 percent. These are the old benchmarks for lending before the MCLR regime.
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.