Bank of Baroda pares MCLR by 5 bps in 4 out of 5 tenors

BL Mumbai Bureau Updated - June 10, 2025 at 07:55 PM.

This comes in the wake of the monetary policy committee voting by a 5-1 majority to reduce the repo rate by a steep 50 bps from 6% to 5.50% in its meeting on June 6th

Bank of Baroda (BoB) has decided to pare its Marginal Cost of Lending Rate (MCLR) in four out five tenors by 5 basis points with effect from June 12th.

This comes in the wake of the monetary policy committee voting by a 5-1 majority to reduce the repo rate by a steep 50 bps from 6 per cent to 5.50 per cent in its meeting on June 6th. MCLR serves as a benchmark for corporate loans.

BoB’s revised MCLR for one month will be 8.30 per cent (against the current 8.35 per cent); three months: 8.50 per cent (8.55 per cent); six months: 8.75 per cent (8.80 per cent) and one year: 8.90 per cent (8.95 per cent). The overnight MCLR remains unchanged at 8.15 per cent.

BoB has already revised its RLLR lower to 8.15 per cent from 8.65 per cent with effect from June 7^th..

Published on June 10, 2025 14:11