12-Jun-2026 19:06:12
BANKBARODAGeneral news
BANK OF BARODA : RAISES MCLR BY 5 BPS ACROSS TENORS 🏦📈
• 📅 Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective 12 June 2026 • ⬆️ Overnight MCLR increased to 7.85% from 7.80% • ⬆️ One-Month MCLR increased to 7.95% from 7.90% • ⬆️ Three-Month MCLR increased to 8.20% from 8.15% • ⬆️ Six-Month MCLR increased to 8.50% from 8.45% • ⬆️ One-Year MCLR increased to 8.75% from 8.70% • 💰 The revision may lead to a marginal increase in borrowing costs for loans linked to MCLR 🟢 Impact: Positive (Higher lending rates can support net interest margins and improve interest income for the bank.)
BANK OF BARODA