The banking concern has raised marginal toll of funds based lending charge per unit of measurement (MCLR) past times 0.1 per cent to 8.40 per cent for 1-year tenure. The hike volition growth involvement rates on dwelling as well as other loans linked to one-year MCLR past times 10 terra firma points.
The revised rates are effective from tomorrow (7th Apr 2018).
About Bank of Baroda :
- Headquarters : Vadodara (Gujarat)
- Chairman : Ravi Venkatesan
- MD & CEO : P. S. Jayakumar
- Established on : 20th July 1908
- Founder : H. H. Sir Sayajirao Gaekwad III
- Total Branches : 5481
Important Note : In it’s 1st monetary policy coming together of the novel financial twelvemonth 2018-19, the Reserve Bank of Bharat (RBI) yesterday kept the Repo Rate unchanged at 6% for the quaternary fourth dimension inward a row. The contrary repo charge per unit of measurement remains at 5.75%, as well as the marginal standing facility (MSF) charge per unit of measurement as well as the Bank Rate at 6.25%.