Bank Of India has informed the Exchange regarding 'Change in MCLR w.e.f.01.08.2025'.
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Bank of India has revised its MCLR rates across various tenors, effective from 1st August 2025. The overnight MCLR has been reduced by 15 basis points from 8.10% to 7.95%, and the 1-year MCLR has been cut by 10 basis points from 9.00% to 8.90%. Rates for 1-month, 3-month, 6-month, and 3-year tenors remain unchanged at 8.40%, 8.55%, 8.80%, and 9.15% respectively. The Repo Based Lending Rate (RBLR) and Fixed Rate Spread (FRS) also remain unchanged. This is a routine pricing revision disclosed under SEBI Listing Regulations.
Lower MCLR on overnight and 1-year tenors could make some loans slightly cheaper for borrowers, potentially putting mild pressure on the bank's net interest margins in the short term. For shareholders, this reflects rate sensitivity but is a routine operational update rather than a major strategic shift.