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Bank of Baroda Holds 1-Year MCLR at 8.90%, Signals Rate Stability Ahead of RBI Meet

Updated: July 10, 2025 17:19

Image Source: Mint

Bank of Baroda Ltd has maintained its oneyear Marginal Cost of Fundsbased Lending Rate (MCLR) at 8.90% as of July 12, 2025, reflecting a cautious stance amid evolving monetary conditions.

Rate Overview

The oneyear MCLR remains unchanged from the previous month, serving as the benchmark for most retail and corporate loans.
Other tenors also show stability: overnight at 8.15%, onemonth at 8.30%, and sixmonth at 8.75%.

Strategic Implications

The decision comes ahead of the Reserve Bank of India’s monetary policy meeting scheduled for August 6–8, where the repo rate is expected to remain at 6.5%.
By holding rates steady, Bank of Baroda signals confidence in current liquidity conditions and aims to avoid premature tightening.

Market Context

The move aligns with broader trends among public sector banks, which are prioritizing deposit growth and funding stability over aggressive lending.

Sources: Economic Times, Bank of Baroda, MyMoneyMantra, CodeForBanks, ET BFSI

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