Bank of Baroda (BoB) has reviewed and maintained its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors, effective March 12, 2025.
Revised MCLR Rates (unchanged from previous rates):
| Tenor | Existing MCLR (%) | MCLR w.e.f. March 12, 2025 (%) |
|---|---|---|
| Overnight | 8.15 | 8.15 |
| One Month | 8.35 | 8.35 |
| Three Months | 8.55 | 8.55 |
| Six Months | 8.80 | 8.80 |
| One Year | 9.00 | 9.00 |
Key Takeaways:
- The bank has not changed MCLR rates across any tenor.
- These rates will be effective from March 12, 2025.
- The decision aligns with Regulation 30 of SEBI (LODR) Regulations, 2015.
Bank of Baroda’s latest MCLR review ensures borrowing costs remain stable, providing predictability for existing and new borrowers.
TOPICS:
Bank of Baroda