Bank of Baroda revises Marginal Cost of Funds Based Lending Rates; stock gains ~1%

11 Apr 2022 , 01:43 PM

In its regulatory filing today, the Bank of Baroda has informed that it has approved the review of the Marginal Cost of Funds Based Lending Rate (MCLR) effective from April 12, 2022.

The bank has revised overnight MCLR to 6.50% as against the existing 6.45%. Its one-month MCLR will be revised to 6.95% as against the existing 6.90%.

Three-month MCLR has also been increased by 5 basis points to 7.10% against the existing 7.05%.

The highest MCLR is for the one-year tenor, revised at 7.35% as compared to the existing 7.30%. Whereas the six-month MCLR increased by 5 basis points to 7.20% against the existing 7.15%.

Bank of Baroda’s counter added 0.71% so far in today’s trade at Rs121.15 against its previous close of Rs120.30 on NSE. It touched intraday high and low of Rs122.70 and Rs120.25 respectively.