Mumbai, Bank of Baroda, the second largest public sector bank in the country, has reduced its benchmark lending rates i.e. marginal cost of funds based lending rates [MCLR] across various tenors. The MCLRs have been reviewed with a decrease below the existing levels across all MCLR tenors w.e.f. 12th December 2019. Bank’s 1-year MCLR will be 8.25 per cent, 5 bps below the existing level of 1-year MCLR.
There is a 20 bps reduction in overnight and one month MCLR from 7.85 percent to 7.65 percent and a 10 bps reduction in three months and six months MCLR from 7.90 percent to 7.80 percent & 8.20 percent to 8.10 percent, respectively.
No comments:
Post a Comment