Bank Of Baroda has informed the Exchange about General Updates MCLR W.E.F 12.04.2025
BANKBARODA · price
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Bank of Baroda has updated its Marginal Cost of Funds-based Lending Rate (MCLR), the benchmark used to price most floating-rate loans, effective 12 April 2025. MCLR is revised periodically by banks based on changes in their cost of funds and is a routine disclosure required by the Reserve Bank of India. The exact new rate and previous rate are not mentioned in the headline. Borrowers with loans linked to Bank of Baroda's MCLR will see their interest rates reset in line with this revision.
This is a routine internal pricing update and is unlikely to materially move the stock price. Existing and new borrowers linked to MCLR may see slight changes in their equated monthly instalments depending on whether the rate was raised or cut.