TOI.inRelated
NEW DELHI: State-owned on Thursday said it has slashed the benchmark one-year marginal cost of funds based lending rate (MCLR) by 0.05 per cent.
The bank has approved the revision in MCLR with effect from June 12, 2021, the lender said in a regulatory filing.
The MCLR for one-year tenor stands revised to 7.35 per cent.
Among others, the six-month and three-month tenor MCLRs have also been slashed by 0.05 per cent each to 7.20 per cent and 7.10 per cent, respectively.
Bank of Baroda stock closed 3.54 per cent up at Rs 84.75 apiece on BSE.
The bank has approved the revision in MCLR with effect from June 12, 2021, the lender said in a regulatory filing.
The MCLR for one-year tenor stands revised to 7.35 per cent.
Among others, the six-month and three-month tenor MCLRs have also been slashed by 0.05 per cent each to 7.20 per cent and 7.10 per cent, respectively.
Bank of Baroda stock closed 3.54 per cent up at Rs 84.75 apiece on BSE.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
