Bank of Baroda has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors effective June 12, 2026. The bank increased rates by 0.05% across the board, raising the cost of borrowing for customers with loans linked to the benchmark. The one-year MCLR, a key benchmark for consumer loans, now stands at 8.75%, up from 8.70%.

Rate Revision Details

The bank’s review adjusted rates for overnight, one-month, three-month, six-month, and one-year tenors. The overnight MCLR increased to 7.85% from 7.80%, while the one-month rate rose to 7.95% from 7.90%. The three-month and six-month MCLRs were revised to 8.20% and 8.50%, respectively.

The revision was communicated to the stock exchanges pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. S Balakumar, Company Secretary, confirmed the changes in a filing dated June 10, 2026.

Bank of Baroda has issued a corrigendum to its Annual Report for the Financial Year 2025-26, correcting specific figures disclosed in the document submitted to the stock exchanges on May 29, 2026. The bank clarified that the adjustments are typographical errors and do not affect the financial statements, performance, or other disclosures. The corrigendum was published in newspapers including Business Standard, Financial Express, and Sandesh on June 5, 2026, pursuant to SEBI (LODR) Regulations, 2015.

The first correction pertains to the Key Financial Indicators on page 188. The Dividend Payout Ratio, including Corporate Dividend Tax as on March 31, 2026, was previously stated as 22.05% and has been revised to 21.96%.

The second correction addresses the Provisions and Contingencies table on page 290. The figure for Provision towards sacrifice of interest in restructured standard and sub-standard accounts as on March 31, 2026, was updated to (21.05) from 21.05.

The revised Annual Report 2025-26 is available on the bank's website. The filing was signed by S Balakumar, Company Secretary.

Corrected Figures