Bank of Baroda Passes on RBI Rate Cut to Retail and MSME Customers

Mumbai, 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.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : Prasanna Kumar Motupalli, CMD, NLC India Limited Honoured with Dr. A.P.J. Abdul Kalam Lifetime Achievement Award

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.

 

Read Also : HLL pays Rs. 69.5 crores as dividend to Govt of India for FY 2024-25

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.

Read Also : NHPC’s Teesta V Power Station handed over one Maruti EECO Van Ambulance under CSR