Bank of Baroda Base Rate, Bank of Baroda MCLR Base Rate Past Trend

Current Bank of Baroda MCLR Base Rate

Last Updated 28th Nov 2016
7th Dec 2016 - RBI keeps interest rates unchanged. Repo rate stays at 6.25%. CRR at 4%. 100% CRR on fresh deposits withdrawn
Tenure MCLR, Base Rate
Overnight 8.80%
1 Month 8.85%
3 Month 8.95%
6 Month 9.00%
1 Year 9.05%
3 Year 9.05%
5 Year 9.25%
Current MCLR base rate of Bank of Baroda ranges from 8.80% to 9.25% depending on the reset frequency of the loan. Rates are revised every month.
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Bank of Baroda Interest Rates
Home Loan Interest Rates 9.50% * Floating Detail
Personal Loan Interest Rates 14.10% * Detail
Fixed Deposit Interest Rates 4.50% to 7.00% * Detail

Past Trend Base Rate of Bank of Baroda

Bank of Baroda base rate history
Revised Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year MCLR
2 Year MCLR
3 Year MCLR
5 Year MCLR
07th Dec 16
8.80%
8.85%
8.95%
9.00%
9.05%
-
9.05%
9.25%
07th Nov 16
9.00%
9.05%
9.15%
9.20%
9.25%
-
9.25%
9.45%
07th Oct 16
9.10%
9.15%
9.25%
9.30%
9.35%
-
9.35%
9.55%
07th Sep 16
9.15%
9.20%
9.30%
9.35%
9.40%
-
9.40%
9.60%
07th Aug 16
9.15%
9.20%
9.30%
9.35%
9.40%
-
9.40%
9.60%
07th Jun 16
9.15%
9.20%
9.30%
9.35%
9.40%
-
9.40%
9.60%
07th May 16
9.05%
9.10%
9.20%
9.25%
9.30%
-
9.30%
9.50%
01st Apr 16
9.00%
9.00%
9.05%
9.10%
9.30%
-
9.35%
-

Bank of Baroda base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Bank of Baroda decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Bank of Baroda has different MCLR base rates ranging from 8.80% to 9.25% for different tenures

Changes in MCLR Base rate of Bank of Baroda

  • MCLR rate can be revised by Bank of Baroda every month
  • Note that it is not mandatory for Bank of Baroda to revise its rate every month and it may choose to retain the same rate for a longer period

Bank of Baroda home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Bank of Baroda is benchmarked to its MCLR base rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from Bank of Baroda will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Bank of Baroda will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 9.30%. This loan will initially be priced at 9.8%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.05%, the loan will be priced at 9.55% for the next year

Past trend of Bank of Baroda Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
01st Jul 16 9.60% decreased by 0.05%
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 9.65% decreased by 0.25%
29th Sep 15: 0.5% repo cut by RBI
13th Jul 15 9.90% decreased by 0.1%
02nd Jun 15: 0.25% repo cut by RBI
06th May 15 10.00% decreased by 0.25%
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
09th Feb 13 10.25% decreased by 0.25%
29th Jan 13: 0.25% repo cut by RBI
01st May 12 10.50% decreased by 0.25%
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
01st Aug 11 10.75% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
12th Jul 11 10.25% increased by 0.25%
16th Jun 11: 0.25% repo hike by RBI
06th May 11 10.00% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
04th Feb 11 9.50% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
13th Dec 10 9.00% increased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
05th Oct 10 8.50% increased by 0.5%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 8.00%

Bank of Baroda Base Rate Vs. RBI Repo Rate Trend

About Bank of Baroda

  • Bank of Baroda is a Public Sector Bank in India with 5,190 branches, 8,030 ATM's and 49,378 employees across the country.
  • Bank of Baroda's registered office is located at Baroda House, P.B.No. 506 Mandvi Vadodra, Gujarat-390006 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 3,172 crs. and Standalone net profit of Rs. 598 crs. Bank of Baroda reported total deposits of Rs. 617,560 crs and total advances of Rs. 428,065 crs.
  • Bank of Baroda's management is led by its CEO Mr. P.S. Jayakumar.
  • Its current Base Rate is 9.60%, which was last revised on 01st Jul 16.
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News - Dec 2016
07th Dec 16 Bank of Baroda cuts MCLR by 20 basis points
Bank of Baroda has reduced its overnight and three months marginal cost of lending rate to 8.80 and 8.95 percent from 9 and 9.15 percent respectively. The bank has also reduced its one and five year lending rates by 20 basis points to 9.05 and 9.25 percent from 9.25 and 9.45 percent earlier. Revised rates are effective from 7th December, 2016.
19th Nov 16 Bank of Baroda net profit in second quarter jumps four folds, bad loans decline
Bank of Baroda reported an increase in its net profit at Rs. 552 crores in July to September quarter as compared to Rs. 124 crores during same period last year. Provision for NPAs during the period reduced to Rs. 1,630 crores from Rs. 1,844 crores in same period of last year.
07th Nov 16 Bank of Baroda reduces its MCLR to 9.25 percent from 7th November, 2016
Bank of Baroda has reduced its marginal cost of lending rate by 0.10 percent at 9.25 percent for one year and three year periods. The overnight and six month lending rates are reduced to 9 percent and 9.20 percent respectively. The five year lending rate is reduced to 9.45 percent. The new rates will be effective from 7th November, 2016.
25th Aug 16 Bank of Baroda total business takes Rs 90,000-cr hit in FY16
Bank of Baroda total business has reduced by Rs. 90,000 crore in FY16 due to shrinking loan portfolio and deposit base. Bank has seen a drop of 10.3 percent in credit growth and 7 percent in deposits. Total business of the bank declined to Rs 957,808 crore at the end of March 2016 against Rs. 1,045,625 crore a year ago. Total deposits of the bank reduced to Rs 574,038 crore in FY16 from Rs 617,560 crore in the previous fiscal while advances slipped to Rs 383,770 crore in FY16 against Rs. 428,065 crore a year ago.
27th Jul 16 Bank of Baroda partners with 7 Fintech companies
On its 109th Foundation Day, Bank of Baroda has taken an initiative to partner with fintech companies operating across different areas of SME Financing, Algorithmic Lending, Bill Discounting, Retail Lending and Wealth Management,. With this partnership the Bank would be able to launch new products, acquire new customers, and serve the existing customers on MUCH . Bank of Baroda has partnered with sevenFintech companies which will help the bank expanding our business faster and reach out and support the customers in a better way.
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