Bank of Baroda (BoB) has trimmed the Marginal Cost of Funds Based Lending Rate (MCLR) for yearly, half-yearly and quarterly tenor. The new revised MCLR will come into effect from June 12, 2021.
MCLR for a 1-year tenor will be 7.35% from tomorrow onward compared to the existing 7.40%.
While MCLR for the six-month and three-month tenor will be 7.20% and 7.10% from June 12, against the current rate of 7.25% and 7.15% respectively.
However, the lender has kept MCLR on one month and overnight tenor unchanged at 7% and 6.55% respectively.
At around 2.07 PM, BoB was trading at Rs84.60 per piece down by 0.2% on Sensex. The stock has touched an intraday high and low of Rs85.90 per piece and Rs84.20 per piece respectively.