Bank of Baroda Reduces MCLR by 15 Bps across Tenors
Bank of Baroda has reduced its benchmark lending rate i.e. marginal cost of funds based lending rates [MCLR] across various tenors. The MCLR has been revised downward across existing levels and tenors w.e.f. 12th June, 2020.
Appended below is the revised Marginal Cost of Funds Based Lending Rate (MCLR)
MCLR Tenors
|
Existing
|
MCLR w.e.f. 12th June,
2020 (%)
|
Over Night
|
7.35
|
7.20
|
One Month
|
7.35
|
7.20
|
Three Month
|
7.50
|
7.35
|
Six Month
|
7.65
|
7.50
|
One year
|
7.80
|
7.65
|
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