Karur Vysya Bank raises overnight MCLR to 9.05%.

The Karur Vysya Bank Limited

has revised its MCLR, base rate and BPLR effective from September 22, 2026. Overnight MCLR rises to 9.05%, base rate to 11.20% and BPLR to 16.20%. The bank has updated its key lending benchmarks. Higher rates will apply to new loans and resets linked to these benchmarks. This reflects changes in the bank’s cost of funds and funding conditions. The key numbers are the overnight MCLR at 9.05% and the effective date of September 22, 2026. The hike may support net interest margins if deposit costs are managed. Other private banks could follow with similar adjustments. Near-term price impact is likely limited. Risks include slower loan growth if borrowers face higher EMIs. We have no financial interest in this news.