Price Update10 Jun 2026, 06:21 pm
Bank of Baroda Hikes MCLR by 5-10 bps from June 12, 2026
AI Summary
Bank of Baroda has announced a review of its Marginal Cost of Funds Based Lending Rate (MCLR), with revised rates effective from June 12, 2026. The MCLR for overnight tenor will increase by 5 basis points to 7.85%, while other tenors ranging from one month to one year will see an increase of 5 to 10 basis points. The one-year MCLR will be revised to 8.75%. This adjustment is in line with regulatory requirements and market conditions, impacting future loan pricing for the bank's customers.
Key Highlights
- Bank of Baroda revises MCLR effective June 12, 2026.
- Increases range from 5 bps (overnight) to 10 bps (one year).
- One-year MCLR revised to 8.75%.
- Impacts future lending rates for customers.
- Disclosure made as per SEBI LODR Regulations.
Price Impact
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