Bank of Baroda trims MCLR by 5 basis points on various tenor with effect from tomorrow

MCLR will be 7.45% on 1-year tenor from current 7.50%.

Nov 11, 2020 11:11 IST India Infoline News Service

Bank-of-Baroda
State-owned Bank of Baroda (BoB) on Wednesday reduced the Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points on various tenor.

MCLR will be 7.45% on 1-year tenor from current 7.50%.

For six month tenor, MCLR will be 7.30% from present 7.35%. While for six-month tenor, the MCLR will stand at 7.20% from current 7.25%.

MCLR will be at 7.05% on one-month tenor from current 7.10%, whereas MCLR will stand at 6.60% from present 6.65%.

The new rates will come into effect from November 12, 2020.

At around 11.48 am, BoB stock was trading at Rs47.35 per piece down 1.76% on Sensex.

The stock has touched an intraday high and low of Rs48.90 per piece and Rs47 per piece respectively. 

Related Story