Bank Of Baroda Trims MCLR By 5 Bps Across Most Tenures, Effective Thursday

Bank of Baroda has reduced its marginal cost of funds-based lending rate by 5 basis points across most tenures, the state-run lender said in a filing on Tuesday. The revised rates will be effective from Thursday.

The move follows the Reserve Bank of India's 50-basis-point repo rate cut to 5.50% on Friday. RBI guidelines mandate a monthly review of MCLR.