2017-10-18 :Bank of Baroda cuts interest on savings a/c by 50 bps
PSU bank Bank of Baroda has reduced interest rate on savings bank account, introducing a 2-tier savings bank interest rate. Interest rates have been cut down to 3.5 per cent from 4 percent on deposits of up to Rs 50 lakh. However, for balance above of Rs 50 lakh, the bank has retained the rate at 4 per cent.
2017-10-18 :Bank of Baroda cuts base rate on home loan
Revised base rates have been released by BoB in the race amongst banks to cut home loan base rates. The same has been cut down from 9.50% to 9.15%. The borrowers who availed home loans before April 2016 are expected to be benefitted out of this revision.
2017-10-09 : Bank of Baroda revises MCLR rates
Bank of Baroda has reduced its marginal cost based lending rate (MCLR) across all tenors. For overnight the rate has been revised to 8.05%, for one month maturities, the rate has been revised to 8.10%, while for three month and six month maturities the rate has been reduced to 8.15% and 8.25% respectively and for one year maturities, it is 8.30%, while for 3 year and five years it is at 8.45% and 8.60% respectively. The new MCLR rates are effective from 7th October, 2017.
2017-09-30 :Bank of Baroda slashes base rate and Benchmark Prime Lending Rate by 0.35 per cent
Public sector lender, Bank of Baroda has announced a revision in its base rate and Benchmark Prime Lending Rate (BPLR). The base rate of the bank has been revised from existing 9.50 per cent to 9.15 per cent and for BPLR the rates have been revised to 13.45 per cent from existing 13.80 per cent. The revised base rates are effective from October 1, 2017.
2017-09-19 :Bank of Baroda signs MoU with Finolex Plasson Industries
Public sector lender, Bank of Baroda has signed memorandum of understanding (MoU) with Finolex Plasson Industries. With this initiative, the bank aims to provide easy finance to the small farmers including agricultural loans and business loans to further improve their agricultural produce.
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