Bank Of India has informed the Exchange regarding 'Change in Fixed Rate Spread w.e.f. 01.10.2025'.
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Bank of India has updated its Fixed Rate Spread (FRS) for retail loans to 1.75%, effective 1 October 2025. The Marginal Cost of Fund based Lending Rate (MCLR) and Repo Based Lending Rate (RBLR) remain unchanged across all tenors. The MCLR rates stand at 7.95% (overnight), 8.30% (1 month), 8.45% (3 months), 8.70% (6 months), 8.85% (1 year), and 9.00% (3 years). With the 3-year MCLR of 9.00% plus the 1.75% FRS, the effective rate for fixed-rate retail loans is now 10.75%. This is a routine interest rate revision disclosure under SEBI listing regulations.
Marginal impact for retail loan borrowers as the effective fixed retail loan rate rises to 10.75%. For shareholders, this is a routine pricing update with no material change to earnings outlook, as MCLR benchmarks remain unchanged.