Karur Vysya Bank Opens 902nd Branch in Thirupuvanam on April 27, 2026

Karur Vysya Bank has officially announced the opening of its 902nd branch in Thirupuvanam, Sivaganga District, scheduled for April 27, 2026. The announcement was made through a formal regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Branch Opening Details

The new branch represents a significant milestone in the bank's ongoing network expansion strategy. The facility will be strategically positioned to serve customers in the Thirupuvanam area and surrounding regions.

Parameter:	Details
Branch Serial Number:	902
Branch Name:	Thirupuvanam
Address:	No. 99/2, Madurai Mandapam Main Road, Thirupuvanam Town Panchayat and Thirupuvanam Taluk, Sivaganga District – 630 611
Opening Date:	April 27, 2026

Regulatory Compliance and Communication

The bank's formal communication was addressed to both the National Stock Exchange of India Ltd and BSE Limited on April 22, 2026. The announcement was signed by Srinivasarao M, Company Secretary & Deputy General Manager, demonstrating the bank's commitment to maintaining transparency with its stakeholders and regulatory compliance.

The communication was made under the bank's scrip codes KARURVYSYA for NSE and 590003 for BSE, ensuring proper disclosure to all relevant stock exchanges.

Strategic Network Expansion

This branch opening underscores Karur Vysya Bank's continued focus on expanding its physical presence across Tamil Nadu. The Thirupuvanam branch will enhance the bank's reach in Sivaganga District, providing comprehensive banking services to the local community and businesses.

The strategic location on Madurai Mandapam Main Road is expected to offer convenient access for customers in the region. The new branch will provide the bank's complete range of banking products and services, contributing to enhanced financial inclusion and accessibility in semi-urban markets.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.52%	+5.20%	+13.13%	+20.02%	+59.73%	+557.72%

Karur Vysya Bank has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) across all tenor categories, with the new rates taking effect from April 22, 2026. The bank communicated this development to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

MCLR Rate Revisions

The bank has implemented a uniform increase of 5 basis points across all MCLR categories. The revised rate structure demonstrates a systematic adjustment in the bank's lending rate framework.

Tenor	Existing Rate	Revised Rate	Change (bps)
Overnight MCLR	8.80%	8.85%	+5
One-month MCLR	8.95%	9.00%	+5
Three-month MCLR	8.95%	9.00%	+5
Six-month MCLR	9.10%	9.15%	+5
One-year MCLR	9.10%	9.15%	+5

Impact on Borrowing Costs

The revision affects the bank's lending rate structure uniformly across different tenor categories. The overnight MCLR, which serves as the base rate for the shortest tenor, has been increased from 8.80% to 8.85%. The one-month and three-month MCLR rates, previously at 8.95%, have been revised to 9.00%.

For longer-term borrowings, the six-month and one-year MCLR rates have been adjusted upward from 9.10% to 9.15%. This consistent 5 basis point increase across all categories maintains the existing rate differential structure between different tenor periods.

Regulatory Compliance

The bank has fulfilled its disclosure obligations by informing both the National Stock Exchange of India and BSE Limited about the rate revision. The communication, signed by Company Secretary and Deputy General Manager Srinivasarao M, ensures transparency in the bank's pricing decisions for stakeholders and regulatory authorities.