Bank of Baroda has reduced MCLR on one-year tenor by 10 bps. The
rate reduction comes even as RBI in a surprise move had kept the repo rate unchanged at 5.15% at the last meeting on 6 February.
With this, BoB's overnight MCLR rate is down 10 bps to 7.55 now and one-month rate down 5 bps to 7.55% now. It has also
reduced by 10 bps in three-months and six months MCLR to 7.70% and 8%, respectively. (Mint)