MUMBAI: Bank of Baroda has reduced its benchmark lending rates i.e. marginal cost of funds based lending rates [MCLR] across various tenors. The MCLRs have been reviewed with a decrease below the existing levels across all MCLR tenors w.e.f. 12th February 2020. The 1-year MCLR will be 8.15 per cent, 10 bps below the existing level of 8.25%.
There is a 10 bps reduction in overnight MCLR from 7.65 percent to 7.55 percent, 5 bps reduction in One Month MCLR from 7.60 percent to 7.55 percent and a 10 bps reduction in Three Months and Six Months MCLR from 7.80 percent to 7.70 percent & 8.10 percent to 8.00 percent respectively.
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