KVB cuts base rate by 25 bps

Karur Vysya Bank has reduced the base rate by 25 bps and hiked the one to two-year term deposit rate by 50 bps with effect from February 3.

Post this reduction, the base rate now stands at 10.75 per cent and the benchmark prime lending rate (BPLR) at 15.75 per cent.

The rate offered on its domestic and NRE term depositshas been increased by 50 bps to 9.5 per cent for the one to two-year period. Senior citizens would get an additional half-per cent, the bank said in a release.


Source: thehindubusinessline