Bank Of Baroda Keeps One-Year MCLR Unchanged At 8.70%

Bank of Baroda, one of India’s leading public sector banks, has maintained its MCLR structure without changes. The decision reflects the bank’s current assessment of funding costs and liquidity conditions, offering borrowers clarity on loan interest rates.

Current MCLR Structure

The reviewed MCLR rates effective April 12, 2026, are as follows:

• Overnight MCLR: 7.80%
• One-month MCLR: 7.90%
• Three-month MCLR: 8.15%
• Six-month MCLR: 8.45%
• One-year MCLR: 8.70%

All tenors remain unchanged from the previous cycle, indicating no immediate pressure on the bank’s marginal cost of funds.

Implications For Borrowers

The unchanged one-year MCLR means existing borrowers with loans linked to this benchmark will see no change in their EMIs. For new borrowers, the stability provides predictability in loan pricing, especially for home loans and retail credit products.

Key Highlights

• Bank of Baroda keeps MCLR unchanged across all tenors
• One-year MCLR remains steady at 8.70%
• Overnight MCLR at 7.80%, one-month at 7.90%
• Three-month MCLR at 8.15%, six-month at 8.45%
• Decision reflects stable funding cost outlook

Sources: Business Upturn, Bank of Baroda official disclosure