Bank of Baroda has announced its review of Marginal Cost of Funds Based Lending Rate (MCLR) effective April 12, 2026, with the bank deciding to maintain all existing rates unchanged across different tenors. The decision comes as part of the bank's regular review process for its lending rate structure.

MCLR Rate Structure Remains Stable

The bank has kept its MCLR rates steady across all tenor categories, signaling stability in its funding cost assessment. The rate structure demonstrates a progressive increase with longer tenors, reflecting typical banking practices for term-based lending.

Rate Tenor Analysis

The MCLR structure shows a gradual progression from the lowest overnight rate of 7.80% to the highest one-year rate of 8.70%. The rate differential between the shortest and longest tenor stands at 90 basis points, maintaining the bank's established pricing framework for different maturity periods.

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring transparency in material information disclosure to stakeholders. The bank has communicated this decision to both BSE and National Stock Exchange of India Ltd. as part of its regulatory obligations.

Market Implications

The decision to maintain unchanged rates across all MCLR tenors suggests the bank's assessment that current funding costs and market conditions support the existing rate structure. This stability in lending rates may provide predictability for borrowers and reflects the bank's current liquidity and cost of funds position.

Bank of Baroda has submitted its annual disclosure of non-convertible securities to the Bombay Stock Exchange and National Stock Exchange of India as on March 31, 2026. The comprehensive filing, made on April 10, 2026, complies with SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, under Chapter XIV Centralized Database for Corporate Bonds/Debentures.

Outstanding Bond Portfolio Overview

The bank's outstanding bond portfolio comprises 16 distinct issues with a combined value exceeding ₹6 lakh crore. These instruments represent a diverse range of debt securities with varying maturity profiles and coupon structures, reflecting the bank's comprehensive funding strategy.

Listing Details and Exchange Information

The bank maintains listings across both major stock exchanges, with most securities listed on both BSE and NSE:

Interest Payment Schedule and Record Dates

The bank has established comprehensive interest payment schedules with specific record dates for each bond issue. Interest payments are made annually across all securities, with amounts ranging from ₹35.04 crore to ₹710.00 crore per issue. The largest interest payment of ₹710.00 crore corresponds to the newest bond issue (INE028A08380) with a face value of ₹1,00,00,00,00,000.

Credit Rating Profile

The bond portfolio maintains strong credit ratings from multiple agencies:

Recent rating actions include reaffirmations by CRISIL (January 2, 2026), CareEdge (February 25, 2026), ICRA (February 25, 2026), and India Rating (January 30, 2026). The newest bond issue received "Assigned" ratings from both ICRA and CareEdge in February 2026.

Payment Performance and Redemption Activity

The bank demonstrates consistent payment performance with all interest payments made on scheduled due dates. During the reporting period, significant redemption activity occurred:

Notable redemptions include five perpetual bonds exercised through call options and one maturity redemption (INE705A08078) completed on February 18, 2025.

Regulatory Compliance and Transparency

The disclosure confirms zero default history across all debt securities issued by the bank. All interest payments and redemptions were executed as per scheduled timelines, demonstrating strong operational efficiency and commitment to debt servicing obligations. The comprehensive filing ensures full transparency and regulatory compliance while providing stakeholders with detailed information about the bank's debt capital structure and payment track record.