RBI Rate Cut - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/rbi-rate-cut/ Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra Thu, 10 Apr 2025 11:11:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://newsmantra.in/wp-content/uploads/2019/05/cropped-newmantra-logo-32x32.png RBI Rate Cut - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/rbi-rate-cut/ 32 32 Bank of Baroda Passes on RBI Rate Cut to Retail and MSME Customers https://newsmantra.in/bank-of-baroda-passes-on-rbi-rate-cut-to-retail-and-msme-customers/ Thu, 10 Apr 2025 11:11:26 +0000 https://newsmantra.in/?p=60446 Bengaluru, 10th April, 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the immediate transmission of the Reserve Bank of India’s (RBI) policy rate cut to its customers. The Bank has reduced its external benchmark-linked lending rates for loans catering to Retail and MSME segments, ensuring that...

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]]> Bengaluru, 10th April, 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the immediate transmission of the Reserve Bank of India’s (RBI) policy rate cut to its customers. The Bank has reduced its external benchmark-linked lending rates for loans catering to Retail and MSME segments, ensuring that customers benefit quickly from the RBI’s monetary policy move.

Additionally, the Bank’s Overnight Marginal Cost of Funds-Based Lending Rate (MCLR) stands at 8.15%, and its One-Year MCLR is 9%, positioning Bank of Baroda among the most competitive banks in the industry.

This move reaffirms Bank of Baroda’s commitment to providing credit on affordable rates to individuals and businesses, supporting broader economic growth and financial inclusion.

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