Bank Of Baroda has informed the Exchange about General Updates MCLR w.e.f. 12.06.2025
BANKBARODA · price
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Bank of Baroda has revised its MCLR rates across all tenors effective 12 June 2025. The overnight rate remains unchanged at 8.15%. The one-month, three-month, six-month, and one-year tenors have each been reduced by 5 basis points — from 8.35% to 8.30%, 8.55% to 8.50%, 8.80% to 8.75%, and 8.95% to 8.90% respectively. MCLR is the internal benchmark used by banks to price loans to borrowers, so this revision will translate into slightly lower lending rates for new and renewing borrowers.
Existing borrowers with MCLR-linked loans may see a small reduction in their EMIs or interest costs from the next reset date, which is positive for customers. For shareholders, a 5 bps cut across most tenors could marginally compress the bank's net interest margins, though it may also support loan demand in a competitive rate environment.