State-owned Bank of Baroda (BoB) on Monday said it has raised the marginal cost of funds-based lending rates by 0.05% across tenors with effect from April 12, 2022.
The benchmark one-year tenor MLCR will rise to 7.35%. The bank has approved the review of the marginal cost of funds-based lending rate (MCLR) with effect from April 12, 2022, BoB said in a regulatory filing.
The overnight, one-month, three-month and six-month MCLRs have been hiked by 0.05% each to 6.50%, 6.95%, 7.10% and 7.20% respectively.
