Bank of Baroda has announced its decision to maintain the Marginal Cost of Funds Based Lending Rate (MCLR) unchanged across all tenors, effective March 12, 2026. The announcement was made through a regulatory filing pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

MCLR Rate Structure Remains Stable

The bank has kept its MCLR rates unchanged across all tenor categories following its periodic review. The decision reflects the bank's current assessment of funding costs and prevailing market conditions.

Rate Structure Analysis

The MCLR structure shows a progressive increase with tenor length, ranging from 7.80% for overnight lending to 8.70% for one-year tenor. The overnight rate remains the lowest at 7.80%, while the one-month tenor is marginally higher at 7.90%. The three-month tenor stands at 8.15%, followed by the six-month tenor at 8.45%.

Regulatory Compliance

The announcement was communicated to both BSE Limited and National Stock Exchange of India Limited as part of the bank's regulatory disclosure obligations. The communication was signed by S Balakumar, Company Secretary, and dated March 10, 2026. This disclosure ensures transparency in the bank's lending rate policies and keeps stakeholders informed about any changes in the cost of borrowing.

Bank of Baroda has successfully completed the allotment of its Long Term Green Infrastructure Bonds worth Rs. 10,000 crores, marking a significant milestone in the bank's sustainable financing initiatives. The allotment was completed on March 5, 2026, following a single-day issue period on the National Stock Exchange Electronic Book Platform.

Bond Issue Details

The bond issue represents a comprehensive green financing instrument with specific characteristics designed for institutional investors. The bonds carry an attractive coupon rate of 7.10% and are structured as senior, rated, listed, unsecured, redeemable, long-term, fully paid-up, non-convertible bonds in the nature of debentures under Series I.

Issue Timeline and Response

The bond issue demonstrated efficient execution with a streamlined timeline. The issue opened and closed on March 4, 2026, exclusively on the NSE Electronic Book Platform, indicating strong investor interest and successful price discovery.

Regulatory Compliance

The bond allotment has been completed in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bank of Baroda has formally notified both BSE Limited and National Stock Exchange of India Limited about the successful allotment, ensuring complete transparency and regulatory adherence.

The green infrastructure bonds are expected to support the bank's commitment to sustainable financing and contribute to India's green infrastructure development goals. The successful completion of this substantial bond issue reflects strong institutional confidence in Bank of Baroda's financial strength and green financing capabilities.