Bank of Baroda has announced that it will maintain its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors, effective from 12th May 2026. The bank’s decision to keep the rates unchanged comes after a review of the current economic conditions.
The MCLR for the overnight tenor remains at 7.80%, while the one-month tenor is steady at 7.90%. The three-month tenor will continue to be at 8.15%, and the six-month tenor remains at 8.45%. The one-year tenor will also stay unchanged at 8.70%.
This decision aligns with the bank’s strategy to maintain stability in its lending rates amidst the current financial landscape. The unchanged rates reflect the bank’s assessment of the cost of funds and the prevailing market conditions.
The bank has requested stakeholders to take note of this update as per Regulation 30 of SEBI (LODR) Regulations, 2015, and ensure the information is available on the relevant platforms.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).