Bank of Baroda revises MCLR from January 12

11 Jan 2023 , 01:39 PM

Bank of Baroda Limited informed that it has approved the revision in the Marginal Cost of Funds Based Lending Rate (MCLR) effective from January 12, 2023.

The bank has revised overnight MCLR from the existing 7.50% to 7.85%. Further, the bank has revised the one-month MCLR from existing 7.95% to 8.15%.

Bank of Baroda has also revised the three-month MCLR to 8.25% against the existing 8.05%. Bank also made a 0.20% increase in its Six-month and one-year rates. It has increased the one-year rate to 8.50% and the six-month rate to 8.35%.

As of September 2019, Bank of Baroda was one of India’s largest banks, with a strong domestic presence that includes 9,449 branches and 13,153 ATMs and Cash Recyclers supported by self-service channels.

At around 1.34 PM, Bank of Baroda was trading at Rs180.40, down by 0.17% against the previous close of Rs180.70 on NSE. The counter touched an intraday high and low of Rs182.20 and Rs177.15 respectively.

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