Vijaya Bank Base Rate, Vijaya Bank MCLR Base Rate Past Trend

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Current Vijaya Bank MCLR Base Rate

Last Updated 22nd Oct 16

Tenure Base Rate, MCLR
Overnight 9.20%
1 Month 9.25%
3 Month 9.35%
6 Month 9.40%
1 Year 9.45%
2 Year 9.50%
3 Year 9.55%
Current MCLR base rate of Vijaya Bank ranges from 9.20% to 9.55% depending on the reset frequency of the loan. Rates are revised every month.
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  • Home Loan Interest Rates - 9.65% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 852 per lakh
    Tenure :
    Max 30 years
    Processing Fee :
    Age :
    Max 60 years for salaried
    Prepayment Charges :
    Allowed with nil charges for floating rate loans
  • Loan Against Property Rates - 12.15% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 1,443 per lakh
    Tenure :
    Max 10 years
    Processing Fee :
    Age :
    Max 65 years for salaried
    Prepayment Charges :
    Allowed with nil charges for floating rate loans
  • Personal Loan Interest Rates - 12.70% * Detail
    Interest Rate :
    12.70% - 13.70%
    Lowest EMI :
    Rs. 2,260 per lakh
    Tenure :
    Max 60 months
    Processing Fee :
    0.25%, Max. Rs. 10000 + ST
    Age :
    Max 55 years for salaried
    Prepayment Charges :
    is allowed after 0 EMI. Nil prepayment charges
  • Fixed Deposit Interest Rates - 4.00% to 7.50% *Detail
    30 Days :
    45 Days :
    60 Days :
    90 Days :
    120 Days :
    6 Months :
    9 Months :
    12 Months :
    18 Months :
    2 Year :
    3 Year :
    4 Year :
    5 Year :
    7 Year :
    10 Year :
    Last Revised Date :
    22nd Oct 2016

Past Trend Base Rate of Vijaya Bank

SBI 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
18th Aug 16
01st Jul 16
01st Apr 16

Vijaya Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Vijaya 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. Vijaya Bank has different MCLR base rates ranging from 9.20% to 9.55% for different tenures

Changes in MCLR Base rate of Vijaya Bank

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

Vijaya Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Vijaya 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 Vijaya 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 Vijaya 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 9.45%. This loan will initially be priced at 9.95%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.2%, the loan will be priced at 9.7% for the next year

Past trend of Vijaya Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
08th Oct 15 9.65% decreased by 0.2%
29th Sep 15: 0.5% repo cut by RBI
04th Sep 15 9.85% decreased by 0.15%
02nd Jun 15: 0.25% repo cut by RBI
01st Jun 15 10.00% increased by 1.75%
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
07th Apr 14 10.25%
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
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
05th Feb 13 10.20% decreased by 0.05%
29th Jan 13: 0.25% repo cut by RBI
01st May 12 10.45% increased by 0.25%
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
01st Aug 11 10.65% increased by 0.2%
26th Jul 11: 0.5% repo hike by RBI
01st Jul 11 10.25% decreased by 0.4%
16th Jun 11: 0.25% repo hike by RBI
06th May 11 10.00% decreased by 0.25%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
01st Feb 11 9.50% decreased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
14th Dec 10 9.00% decreased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
01st Oct 10 8.50% decreased 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 8.25% decreased by 0.25%

Vijaya Bank Base Rate Vs. RBI Repo Rate Trend

About Vijaya Bank

  • Vijaya Bank is a Public Sector Bank in India with 1,618 branches, 1,383 ATM's and 13,700 employees across the country.
  • Vijaya Bank's registered office is located at 41/2, Trinity Circle, M.G. Road, Bengaluru-560001.
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 2,292 crs. and Standalone net profit of Rs. 439 crs. Vijaya Bank reported total deposits of Rs. 126,343 crs and total advances of Rs. 87,692 crs.
  • Vijaya Bank's management is led by its CEO Mr. Kishore Kumar Sansi.
  • Highest fixed deposit interest offered by Vijaya Bank is 7.50% per annum on deposits.
  • Its current Base Rate is 9.65%, which was last revised on 08th Oct 15.
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News - Oct 2016
28th Jul 16 Vijaya Bank Mudra cards help micro entrepreneurs
Vijaya Bank is focusing more on MSME which has reported a growth of 22.50 per cent in FY16. Bank has achieved two out of three targets set under Prime Minister Task Force. Bank is working on growth of MSME sector by launching schemes like Make In India, Stand Up India, Start Up India and Pradhan Mantri Mudra Yojana. In the previous fiscal, bank has launched two MSME products such as V Swadesh and V Mudra Card. V Mudra Card help micro entrepreneurs to meet their working capital needs. Vijaya Bank has issued 39545 Mudra cards worth Rs. 173 crore and has been awarded as the Best Bank under Mudra Yojana.
22nd Jul 16 Vijaya Bank Q1 profit up 13.37 per cent on recoveries
Vijaya Bank has reported a rise in profits by 13.37 per cent at Rs. 161.66 crore in the June quarter of FY17 as against Rs. 142.59 crore posted in the same period last year. The total income of the bank in the first quarter was at Rs. 3295.05 crore. Operating profit rose 16.80 per cent to Rs. 458.73 crore. The gross NPA of the bank as a percentage of total loans increased to 6.64 per cent. Net interest income increased by 18.18 per cent to Rs. 782.64 crore and net interest margin improved to 2.54 per cent.