Bank Of India has informed the Exchange regarding 'Change in Fixed Rate Spread (FRS) w.e.f.01-05-2026'.
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Bank of India has informed exchanges about changes to its lending rates effective 1 May 2026. The bank has kept its Marginal Cost of Fund based Lending Rate (MCLR) and Repo Based Lending Rate (RBLR) unchanged. However, the Fixed Rate Spread (FRS) has been revised. The 1-year MCLR remains at 8.75%, with overnight MCLR at 7.70% and 3-year MCLR at 8.90%. The revised FRS now ranges from 8.75% for 1-year loans to 10.00% for 5-year loans, with CRP (Credit Risk Premium) additions. This filing is a routine regulatory disclosure under SEBI LODR regulations.
This is a neutral disclosure for shareholders. Keeping MCLR unchanged suggests stable lending rates, while the revised FRS indicates adjustments in fixed-rate loan pricing across different tenors. No immediate material impact on the stock expected.