Bank of Baroda cuts MCLR for various tenors by 0.05%

The bank has approved the revision in MCLR with effect from June 12, 2021. MCLR for one-year tenor stands revised to 7.35%

Bank of Baroda cuts MCLR for various tenors by 0.05%

New Delhi: State-owned Bank of Baroda on Thursday said it has slashed the benchmark one-year marginal cost of funds-based lending rate (MCLR) by 0.05%.

The bank has approved the revision in MCLR with effect from June 12, 2021, the lender said in a regulatory filing.
The MCLR for one-year tenor stands revised to 7.35%.

Among others, the six-month and three-month tenor MCLRs have also been slashed by 0.05% each to 7.20% and 7.10%, respectively.

Bank of Baroda stock closed 3.54% up at Rs 84.75 apiece on BSE.

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