 "Bank of Baroda")
Public sector lender Bank of Baroda (BoB) has decided to increase its marginal cost of funds-based lending rate (MCLR) by up to 30 basis points (bps) across tenors. This hike by the Mumbai-based lender is steeper than compared upto 15 basis points upward revision made in November 2022.
The revised rates will be effective from December 12, 2022, BoB said in filing with BSE.
The benchmark one-year tenor MCLR has been raised by 25 basis points to 8.30 per cent. Last month it had hiked the rate by 10 basis points. The three-month MCLR has been raised to 8.05 per
