Bank of Baroda cuts MCLR for 6-mo, 1-yr loans by 5 bps, effective Thursday
This story was originally published at 19:25 IST on 10 February 2026
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--Bank of Baroda to cut MCLR by 5 bps for 6 month, 1 year loans from Thu
NEW DELHI – Bank of Baroda has cut the marginal cost of funds-based lending rates by 5 basis points for six-month and 1-year tenures to 8.45% and 8.70%, respectively, effective Thursday, the public sector bank said in a notice to exchanges Tuesday. The MCLR rate for all the other tenures was kept unchanged. The bank's revised MCLR now ranges from 7.80% to 8.70%.
The Reserve Bank of India norms require banks to review their MCLR every month. For the quarter ended December, Bank of Baroda reported net profit of INR 50.55 billion, up 4% on year. Tuesday, shares of the bank closed 0.1% lower at INR 290.35 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 | 8.45% | 8.50% |
| One year | 8.70% | 8.75% |
End
Reported by Priyasmita Dutta
Edited by Akul Nishant Akhoury
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