New Delhi: Bank of Baroda is reducing its MCLR by up to 10 basis points from 12 February.
The bank is reducing the one-year MCLR to 8.15 percent from 8.25 percent, it said in a statement.
It is reducing the one-month MCLR by 5 basis points to 7.55 percent. The overnight, three- and six-month MCLR rates will also be cut by 10 basis points.
This is the ninth consecutive reduction in MCLR by Bank of Baroda in the ongoing financial year.