Karur Vysya Bank Base Rate, Karur Vysya Bank MCLR Base Rate Past Trend

Current Karur Vysya Bank MCLR Base Rate

Last Updated 10th Dec 2016
7th Dec 2016 - RBI keeps interest rates unchanged. Repo rate stays at 6.25%. CRR at 4%. 100% CRR on fresh deposits withdrawn
Tenure MCLR, Base Rate
Overnight 9.50%
1 Month 9.50%
3 Month 9.50%
6 Month 9.70%
1 Year 9.90%
Current MCLR base rate of Karur Vysya Bank ranges from 9.50% to 9.90% depending on the reset frequency of the loan. Rates are revised every month.
Apply Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 






I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
Karur Vysya Bank Interest Rates
Home Loan Interest Rates 9.90% * Floating Detail
Loan Against Property Rates 12.75% * Floating Detail
Personal Loan Interest Rates 13.90% * Detail
Fixed Deposit Interest Rates 5.00% to 7.00% * Detail

Past Trend Base Rate of Karur Vysya Bank

Karur Vysya Bank base rate history
Revised Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year MCLR
2 Year MCLR
3 Year MCLR
5 Year MCLR
07th Oct 16
9.50%
9.50%
9.50%
9.70%
9.90%
-
-
-
01st Apr 16
9.85%
9.85%
9.85%
9.95%
10.05%
-
-
-
01st Apr 16
9.85%
9.85%
9.85%
9.95%
10.05%
-
-
-

Karur Vysya Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Karur Vysya Bank decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Karur Vysya Bank has different MCLR base rates ranging from 9.50% to 9.90% for different tenures

Changes in MCLR Base rate of Karur Vysya Bank

  • MCLR rate can be revised by Karur Vysya Bank every month
  • Note that it is not mandatory for Karur Vysya Bank to revise its rate every month and it may choose to retain the same rate for a longer period

Karur Vysya Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Karur Vysya Bank is benchmarked to its MCLR base rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from Karur Vysya Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Karur Vysya Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 10.05%. This loan will initially be priced at 10.55%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.8%, the loan will be priced at 10.3% for the next year

Past trend of Karur Vysya Bank Base Rate vs RBI Repo Rate

Date Base Rate
07th Oct 16 10.30%
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 10.40% decreased by 0.35%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
23rd Jan 15 10.75% decreased by 0.25%
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
20th Aug 13 11.00% increased by 0.25%
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
03rd Feb 13 10.75% decreased by 0.25%
29th Jan 13: 0.25% repo cut by RBI
02nd Sep 12 11.00% decreased by 0.25%
17th Apr 12: 0.5% repo cut by RBI
24th Nov 11 11.25% increased by 0.25%
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
01st Aug 11 11.00% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
16th May 11 10.50% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
07th Feb 11 10.00% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
24th Dec 10 9.50% increased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
04th Oct 10 9.00% increased by 0.5%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 8.50%

Karur Vysya Bank Base Rate Vs. RBI Repo Rate Trend

About Karur Vysya Bank

  • Karur Vysya Bank is a Private Bank in India with 629 branches, 1,645 ATM's and 7,197 employees across the country.
  • Karur Vysya Bank's registered office is located at Post Box No. 21, Erode Road, Karur Tamil Nadu-639002 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 1,466 crs. and Standalone net profit of Rs. 464 crs. Karur Vysya Bank reported total deposits of Rs. 44,690 crs and total advances of Rs. 36,691 crs.
  • Karur Vysya Bank's management is led by its CEO Mr. K.Venkataraman.
  • Its current Base Rate is 10.30%, which was last revised on 07th Oct 16.
X
News - Dec 2016
22nd Jan 16 Karur Vysya Bank net profit rises 34% for third quarter ending Dec2015
Karur Vysya Bank reported net profit of Rs. 152.83 Cr for Q3FY16. Its NII rose by 14.60 per cent supported by an increase in other income & operating profit and lower provisions
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.