Bank of Baroda trims MCLR by 5-10 basis points on various tenors from today

For one-month tenor, MCLR has been reduced from 7.00% to 6.90%.

Oct 12, 2021 03:10 IST India Infoline News Service

Bank of Baroda has approved the revision of Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. October 12, 2021.

MCLR of 6.55% (overnight) has been reduced to 6.50%. For one-month tenor, MCLR has been reduced from 7.00% to 6.90% and for three-month tenor 7.10% to 7.05%.

The MCLR has been also reduced on six months’ tenor from 7.20% to 7.15% and One Year 7.35% to 7.30%.

Towards close of trading session on Tuesday, Bank of Baroda was trading at Rs88.30 per piece up by Rs0.8 or 0.91% from its previous closing of Rs87.50 per pieceon the BSE.

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