Karur Vysya Bank, the private sector lender, announced that the bank has reduced the base rate by 25 bps and the base rate of the bank is 10.75% p.a. and the BPLR is 15.75% p.a. with effect from Jan. 23, 2015.

Further, the bank has revised the deposit rates downward in certain time buckets with effect from Jan. 23, 2015.

Shares of the bank declined Rs 3.7, or 0.61%, to settle at Rs 603.20. The total volume of shares traded was 3,814 at the BSE (Friday).