Karur Vysya Bank revises base rate to 8.25% and BPLR to 13.25%; stock ends lower

Karur Vysya Bank has revised the base rate to 8.25% from 8.10% and BPLR rate to 13.25% from 13.10% with effect from January 11, 2021.

Meanwhile, CRISIL has reaffirmed A1+ credit rating of the bank with respect to Certificate of Deposits Programme.

As per CRISIL Ratings schedule instruments with rating of CRISIL A1+ are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lower credit risk.

Karur Vysya Bank Ltd ended at Rs47.85 per piece down by Rs0.95 or 1.95% on the BSE.