Latest News | Bank of Baroda Cuts MCLR for Various Tenors by 0.05 Pc
Get latest articles and stories on Latest News at LatestLY. 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 per cent.
New Delhi, Jun 10 (PTI) 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 per cent.
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 per cent.
Among others, the six-month and three-month tenor MCLRs have also been slashed by 0.05 per cent each to 7.20 per cent and 7.10 per cent, respectively.
Bank of Baroda stock closed 3.54 per cent up at Rs 84.75 apiece on BSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)