Bank of Baroda Keeps One-Year MCLR Unchanged at 9.00%

Bank of Baroda has announced that its one-year Marginal Cost of Funds-Based Lending Rate (MCLR) remains steady at 9.00%, effective January 12, 2025. Other MCLR rates, including overnight (8.15%), one-month (8.35%), and six-month (8.80%), also remain unchanged. This decision aligns with the bank's strategy to maintain lending stability amid evolving market conditions, ensuring predictable borrowing costs for customers. The unchanged rates reflect a cautious approach in response to the Reserve Bank of India's consistent repo rate policy.

Source: Economic Times, Capital Market News, Bank of Baroda Press Release.