Bank of Baroda to raise MCLR for 3-month loans by 10 bps from Wed
This story was originally published at 19:26 IST on 10 August 2026
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--Bank of Baroda to raise MCLR for 3-month loans by 10 bps from Wed
NEW DELHI – Bank of Baroda raised its marginal cost of funds-based lending rate for three-month loans by 10 basis points to 8.30%, the lender informed exchanges Monday. The new rates will be effective Wednesday.
The public sector lender kept MCLR for all other tenures unchanged. The Vadodara-based bank's MCLR ranges from 7.85% to 8.75% for tenures from overnight to one year. The Reserve Bank of India's norms require banks to review the MCLR monthly. The RBI's Monetary Policy Committee Wednesday left the repo rate unchanged at 5.25%.
For the June quarter, Bank of Baroda reported a net profit of INR 12.78 billion on total income of INR 366.81 billion. On Monday, shares of the lender ended at INR 247.81 on the National Stock Exchange, down 1.2% from the previous close.
| Tenure | Previous rate (%) | Revised rate (%) |
| Overnight | 7.85 | 7.85 |
| One month | 7.95 | 7.95 |
| Three-month | 8.20 | 8.30 |
| Six-month | 8.50 | 8.50 |
| One year | 8.75 | 8.75 |
End
Reported by Shweta
Edited by Avishek Dutta
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