12
Sep
#BankOfBaroda #MCLR #InterestRates #HomeLoans #AutoLoans #PersonalLoans #BankingNews #FinancialUpdates #BorrowingCosts #RBI #IndianBanking #LoanEMI #BusinessLoans #EconomicGrowth #Liquidity Mumbai: Public sector lender Bank of Baroda (BoB) has announced a reduction in its marginal cost of funds-based lending rate (MCLR) for certain tenures, effective September 12, 2025. The move is set to provide some relief to borrowers in need of short-term funds, though long-term borrowers, particularly those with home loans, may not see immediate benefits. Details of the Rate Cut In its official announcement, Bank of Baroda confirmed the following revisions: Overnight MCLR: Reduced by 10 basis points (bps) from 7.95% to 7.85%. Three-month…