Karur Vysya Bank Share Price Surges; Cuts 1-Year MCLR to 9.10%

Karur Vysya Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) across all key tenors, with the changes set to take effect from February 22, 2026. The revision was formally communicated to the exchanges through a filing on 19 February 2026. 

Revised MCLR Structure 

Under the updated structure, the 1-year MCLR has been lowered by 10 basis points from 9.20% to 9.10%. The 6-month tenor has also been cut to 9.10% from 9.20%. 

Shorter tenors have seen similar reductions. The overnight MCLR now stands at 8.80%, down from 8.90%. Both the 1-month and 3-month tenors have been reduced from 9.05% to 8.95%. 

Following the revision, the 1-month and 3-month MCLR rates are aligned at 8.95%, while the 6-month and 1-year rates are matched at 9.10%. 

Regulatory Disclosure 

The disclosure was signed by Srinivasarao M, Company Secretary and Deputy General Manager. MCLR serves as a benchmark for various floating-rate loans, including retail and corporate borrowings. Any adjustment in this rate can influence lending rates applicable to borrowers linked to the MCLR framework. 

Read More: Karur Vysya Bank and University of Madras Launch South India’s First Indigenous Languages Lab! 

Karur Vysya Bank Share Price Performance 

As of February 20, 2026, 10:31 am, Karur Vysya Bank share price was trading at ₹324.50, a 1.56% increase from the previous closing price. 

Conclusion 

The 10 basis point reduction across tenors brings the bank’s 1-year MCLR to 9.10%, with the revised rates coming into effect from 22 February 2026, as disclosed to the exchanges. 

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