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Bank of Baroda hikes MCLR by 0.05%, overnight money to attract 8.3%

Similarly, for one-month and three-month tenors the interest rates have been increased to 8.30% and 8.45%, respectively

Press Trust of India  |  New Delhi 

Bank of Baroda

State-owned (BoB) Saturday said it has hiked its cost of funds based lending rate (MCLR) by 0.05 per cent with effect from May 7.

BoB has hiked the lending rates for overnight tenor to 8.30 per cent from the previous 8.25 per cent.

Similarly, for one-month and three-month tenors the rates have been increased to 8.35 per cent and 8.45 per cent, respectively.

Rate for six-month tenor has been hiked to 8.65 per cent and one-year tenor to 8.70 per cent with effect from May 7, BoB said in a BSE filing.

First Published: Sat, May 04 2019. 14:25 IST
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