Bank Of Baroda Increases Interest Rate For Lending By 0.05% For One Year

Bank Of Baroda Increases Interest Rate For Lending By 0.05% For One Year

The overnight, one month, three month, and six month MCLR have been kept the same.

FPJ Web DeskUpdated: Monday, June 12, 2023, 12:05 PM IST
Bank Of Baroda Increases Interest Rate  For Lending By 0.05% For One Year
Bank Of Baroda Increases Interest Rate For Lending By 0.05% For One Year | File Photo

Bank of Baroda on Monday increased its Marginal Cost of Funds Based Lending Rate (MCLR) from June 12, the company announced through an exchange filing.

The overnight, one month, three month, and six month MCLR have been kept the same.

However, the MCLR for one year has been increased slightly from 8.60 per cent to 8.65 percent, a slight increase of 0.05 percent.

Bank of Baroda Shares

The shares of Bank of Baroda on Monday at 11:52 am IST were at Rs 186.45, up by 0.87 per cent.