State-owned public sector bank, Bank of Baroda (BoB) on Tuesday increased lending rates by up to 0.2%, a step which will make auto, home and other loans dearer for its customers.
Bank Of Baroda Increases Lending Rate Ahead Of MPC Meet Outcome
The RBI is scheduled to announce its sixth bi-monthly monetary policy outcome on Thursday.
In a statement Bank of Baroda said, the bank has revised the marginal cost of funds-based lending rate (MCLR) with effect from Thursday.
The new revised MCLR rate for one-year tenure has been increased by 0.1% to 8.75%, while for the 3-month and 6-month tenure, lending rate now stand at 8.5% and 8.7%, with an increase of 0.2% each on both the tenures.
It is to be noted that most retail loans are benchmarked against one-year MCLR.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google