Bank of Baroda holds MCLR steady at 8.75% for one-year tenor
- Bank of Baroda holds one-year MCLR at 8.75% w.e.f. Sep 12, 2026
- All other tenors including overnight (7.85%) remain unchanged
- Review reflects stable cost-of-funds assessment by the lender
- Rates apply to floating-rate loans such as home and corporate credit
*this image is generated using AI for illustrative purposes only.
Bank of Baroda has maintained its one-year Marginal Cost of Funds Based Lending Rate (MCLR) at 8.75%, effective September 12, 2026. The lender reviewed all MCLR tenors on September 10, 2026, finding no change required across overnight to one-year periods.
MCLR details
The bank’s decision to hold rates steady reflects a stable assessment of its marginal cost of funds and operational expenses for the current period. By keeping the benchmark unchanged, Bank of Baroda signals continuity in its pricing strategy for floating-rate loans, which include home loans and corporate credit facilities.
The table below captures the reviewed rates across all tenors:
| Tenor | Existing MCLR (%) | New MCLR (%) | Effective Date |
|---|---|---|---|
| Overnight | 7.85 | 7.85 | September 12, 2026 |
| One Month | 7.95 | 7.95 | September 12, 2026 |
| Three Month | 8.30 | 8.30 | September 12, 2026 |
| Six Month | 8.50 | 8.50 | September 12, 2026 |
| One Year | 8.75 | 8.75 | September 12, 2026 |
The MCLR framework, mandated by the Reserve Bank of India, requires banks to periodically review and publish lending rates across tenors. The one-year tenor remains the most widely referenced benchmark for retail and small business loans in India.
This review was communicated to the stock exchanges pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
Historical Stock Returns for Bank of Baroda
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.50% | -1.48% | -5.22% | -17.51% | +1.33% | +200.21% |
How might Bank of Baroda's decision to hold MCLR rates steady influence its net interest margin in the upcoming fiscal quarter?
What are the implications of this rate stability for existing home loan borrowers regarding their monthly EMI outflows over the next six months?
How does Bank of Baroda's pricing strategy compare to other major public sector banks that may adjust rates in response to recent RBI policy signals?
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