Bank Of Baroda Keeps Overnight MCLR Unchanged

Bank of Baroda (Bank) has reviewed its Marginal Cost of Funds Based Lending Rate (MCLR) across various tenors.

The Bank has realigned the MCLR across various tenors with effect from 12 November 2023, keeping the Overnight MCLR unchanged at the existing level of 8 per cent while the One Year MCLR has been increased by 5 bps to 8.75 per cent.

The MCLR for one month tenor is fixed at 8.30 per cent with effect from 12 November 2023.

Also, there has been increase of 5 basis points in MCLR for the tenor of three months, six months and one year.

The MCLR for tenor of three month, six months and one year is now fixed at 8.40 per cent, 8.55 per cent and 8.75 per cent respectively.

BoB has also requested Sebi to make actions about these changes as per the Regulation 30 of Sebi(LODR) regulations, 2015.