Bank of Baroda passes on RBI rate cut to retail and MSME customers
10-Apr-2025 06:19 PM 3788
New Delhi, Apr 10 (Reporter) A day after Reserve Bank of India slashed the key rate by 25 basis point, public sector lender Bank of Baroda on Thursday announced the immediate transmission of the benefit to its customers. The Bank has reduced its external benchmark-linked lending rates for loans catering to Retail and MSME segments, ensuring that customers benefit quickly from the RBI’s monetary policy move, the Bank said in a statement. Additionally, the Bank's Overnight Marginal Cost of Funds-Based Lending Rate (MCLR) stands at 8.15%, and its One-Year MCLR is 9%, positioning Bank of Baroda among the most competitive banks in the industry. This move reaffirms Bank of Baroda’s commitment to providing credit on affordable rates to individuals and businesses, supporting broader economic growth and financial inclusion, the bank statement said...////...
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