EBR-R revised from 8.55% to 8.80% with effect from 08 October 2026

Karur Vysya Bank has told the exchanges that its External Benchmark Rate – Repo linked (EBR-R) is being revised from 8.55% to 8.80%, with effect from 08 October 2026.

Thu 8 Oct 2026

Existing EBR-R

8.55%

Revised EBR-R

8.80%

Effective Date

08 October 2026

What the bank informed the exchanges

The bank has intimated that its External Benchmark Rate – Repo linked (EBR-R) will be revised with effect from 08 October 2026.

The two figures in the update

• Existing EBR-R: 8.55%
• Revised EBR-R: 8.80%
• Effective date: 08 October 2026

What EBR-R means

EBR-R stands for External Benchmark Rate – Repo linked. It is a benchmark rate, and many floating-rate loans, including retail loans such as home loans, are priced as this benchmark plus a spread. When the benchmark changes, the interest rate on loans linked to it is reset as per the loan agreement.

If you are a borrower on such a loan

The revised benchmark is higher than the existing one. Where a loan is linked to EBR-R, the applicable interest rate is worked out from this benchmark at reset, which can change the EMI or the tenor, depending on what has been agreed with the bank.

If you are an investor

For the bank, a higher benchmark means the interest earned on loans linked to it moves up, provided the cost of funds does not move by the same amount. How much this helps or hurts overall depends on other factors in the bank's book.

The update states the existing rate, the revised rate and the effective date, and asks the exchanges to take the same on record.

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