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Bank of Baroda ups MCLR by 5 to 20 bps

Reported by: BusinessLine, CNBC TV18 ·

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Bank of Baroda

Summary

Bank of Baroda has raised its marginal cost of funds-based lending rate, or MCLR, BusinessLine reported, by 5 to 20 basis points. CNBC TV18 reported the same move and said the new rates apply to four tenures starting November 12, 2026. The two outlets agree on the size of the increase; BusinessLine gives the range as 5 to 20 bps, and CNBC TV18 says up to 20 bps across select tenures. MCLR is the minimum interest rate a bank charges on loans, and it is linked to the bank's cost of funds. One basis point is 0.01 percentage point, so 20 bps is 0.2 percentage point. A higher MCLR means new loans linked to it carry a higher rate. The reports do not say which specific tenures moved or by how much each.

AI summary of what BusinessLine and CNBC TV18 reported. AI can make mistakes. Read the full story on BusinessLine

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Average tone 0 across 2 outlets. About neutral overall.

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BusinessLine  · · Tone 0

Bank of Baroda ups MCLR by 5 to 20 bps

CNBC TV18  · · Tone 0

Bank of Baroda raises MCLR by up to 20 bps across select tenures

Bank of Baroda increased its MCLR rates across four tenures starting November 12, 2026.

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When each outlet reported it

The first outlet to publish, then the others, with the gap after the first report.

  1. CNBC TV18 ·

    First report

  2. BusinessLine ·

    1 h 9 min after the first report

Earlier coverage

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