Bank of Baroda hikes MCLR by 0.05 pc
Similarly, for one-month and three-month tenors the interest rates have been increased to 8.35 per cent and 8.45 per cent, respectively.
![Bank of Baroda hikes MCLR by 0.05 pc Bank of Baroda hikes MCLR by 0.05 pc](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2019/05/04/85465-bank-of-baroda-reuters.jpg?itok=bDLP-uxP&c=c5af8c0f92ccc8e249257bf0f1cb18e8)
Bank of Baroda (BoB) Saturday said it has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 per cent with effect from May 7, Photo: Reuters