Bank Of Baroda Cuts Lending Rates By 25 Bps After RBI Policy Decision

At 9 per cent, the marginal cost of funds-based lending stays constant.

On April 10, the state-owned Bank of Baroda (BoB) declared that its customers would immediately receive a 25 basis point reduction in the Reserve Bank of India’s (RBI) policy rate. According to a statement from the BoB, the bank has lowered its external benchmark-linked lending rates for loans to the retail and MSME sectors by 25 basis points, guaranteeing that clients will promptly profit from the RBI’s monetary policy decision.“This move reaffirms Bank of Baroda’s commitment to providing credit at affordable rates to individuals and businesses, supporting broader economic growth and financial inclusion,” BoB said in a statement as per Zee News.For the second consecutive time, the Reserve Bank cut key interest rates by 25 basis points on April 9 to boost growth in the face of the US threatening to impose reciprocal tariffs. In the meantime, the bank has maintained the same marginal cost of funds-based lending rate (MCLR).

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