Bank of Baroda Revises MCLR: 6-Month and 1-Year Rates Cut Ahead of February 12, 2026
Mumbai, February 10, 2026: Public sector lender Bank of Baroda (BoB) has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR), effective from 12 February 2026, according to an official exchange filing made under SEBI (LODR) Regulations, 2015.
While short-term MCLR rates remain unchanged, the bank has reduced its 6-month and 1-year MCLR, offering marginal relief to borrowers with loans linked to these tenors.
Bank of Baroda MCLR – Latest Rates (Effective 12 Feb 2026)
| MCLR Tenor | Existing Rate | Revised Rate |
|---|---|---|
| Overnight | 7.80% | 7.80% |
| 1 Month | 7.90% | 7.90% |
| 3 Month | 8.15% | 8.15% |
| 6 Month | 8.50% | 8.45% |
| 1 Year | 8.75% | 8.70% |
What This Means for Borrowers
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Home loans, auto loans and MSME loans linked to the 6-month and 1-year MCLR may see slightly lower interest rates.
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Borrowers linked to overnight, 1-month, or 3-month MCLR will see no change.
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The impact on EMIs will depend on the loan reset date and loan agreement terms.
Regulatory Disclosure
The bank has informed both stock exchanges in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, and requested the exchanges to upload the information on their websites.
Stock Market Details
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BSE Code: 532134
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NSE Symbol: BANKBARODA
Outlook
The marginal cut in medium-term MCLR indicates Bank of Baroda’s attempt to balance funding costs with credit growth, while staying competitive in the retail and corporate lending space. Borrowers are advised to check with their branch for the applicable reset cycle.