Bank of Baroda hikes MCLR by up to 15 bps; Stock gains

12 Jul 2022 , 11:13 AM

Bank of Baroda has approved the revision in Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. July 12, 2022 as under:

The Overnight MCLR and One Month MCLR have been retained at 6.80% and 7.20% respectively.

Further, the Three Month MCLR has been increased from 7.25% to 7.35%.

The Six Month MCLR has been revised from 7.35% to 7.45% and One Year MCLR has been increased by 15 bps from 7.50% to 7.65%.

At around 11:17 AM, Bank of Baroda was trading at Rs109.75 per share up by Rs0.2 or 0.18% from its previous closing of Rs109.55 per share on the BSE.