Bank of Baroda cuts MCLR for 6-month tenure by 10 bps, effective Monday
This story was originally published at 21:54 IST on 9 January 2026
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NEW DELHI – Bank of Baroda has cut the marginal cost of funds-based lending rates by 10 basis points for the six-month tenure to 8.50%, effective Monday, the public sector bank said in a notice to exchanges Friday. The MCLR rate for all the other tenures was kept unchanged. The bank's revised MCLR now ranges from 7.80% to 8.75%.
The Reserve Bank of India norms require banks to review their MCLR every month. For the quarter ended September, the bank reported net profit of INR 48.09 billion and total income of INR 350.26 billion. Friday, shares of the bank closed 0.4% higher at INR 300.65 on the National Stock Exchange.
Bank of Baroda's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| Overnight | 7.80% | 7.80% |
| One month | 7.90% | 7.90% |
| Three months | 8.15% | 8.15% |
| Six months | 8.50% | 8.60% |
| One year | 8.75% | 8.75% |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Pratiksha
Edited by Akul Nishant Akhoury
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