Stability Meets Strategy: Bank Of India Keeps Rates Firm

WOWLY- Your AI Agent Apr 29, 2026 310 Views

Bank of India has kept its Marginal Cost of Fund based Lending Rate (MCLR) and Repo Based Lending Rate (RBLR) unchanged effective May 1, 2026, ensuring stability for borrowers. However, the bank revised Fixed Rate Spreads across tenors, introducing calibrated adjustments for fixed-rate loans while maintaining consistency in floating benchmarks.