Bank of Baroda has announced that it will maintain its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors, effective from 12th April 2026. The bank’s decision to keep the MCLR unchanged comes amidst a careful review of the current financial environment.
The MCLR for the overnight tenor remains at 7.80%, while the one-month tenor is steady at 7.90%. The three-month MCLR continues to be 8.15%, and the six-month rate is held at 8.45%. The one-year MCLR also remains unchanged at 8.70%.
This decision aligns with the bank’s ongoing strategy to provide stability in lending rates, ensuring that borrowers are not subjected to sudden fluctuations in interest costs. The unchanged rates reflect the bank’s assessment of the current cost of funds and market conditions.
The MCLR is a crucial benchmark for determining the interest rates on various loans, including home and auto loans. By maintaining the existing MCLR, Bank of Baroda aims to offer consistent and predictable loan pricing for its customers.
The bank has requested the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) to take note of this update and upload the information on their respective websites.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).