BPLR Rate of Bank of Baroda

Hi I would like to have the information about Bank of Baroda as well as the details about the Bank of Baroda’s reduction of the BPLR rate and the notification issued for the same?

Bank of Baroda is a Public Sector Bank in India with 5,190 branches, 8,030 ATM's and 49,378 representatives the nation over.

Bank of Baroda's enlisted office is situated at Baroda House, P.B.No. 506 Mandvi Vadodra, Gujarat-390006 .

For the year finished 31st Mar 15, the bank reported Net Interest Income of Rs. 3,172 crs. also, Standalone net benefit of Rs. 598 crs. Bank of Baroda reported aggregate stores of Rs. 617,560 crs and aggregate advances of Rs. 428,065 crs.

Bank of Baroda had educated BSE that the Bank has chosen to diminish Base Rate by 25 premise focuses from 9.90% p.a. to 9.65% p.a. furthermore to decrease Bench-check Prime Lending Rate (BPLR) by 25 premise focuses from 14.15% p.a. to 13.90% p.a. The decrease in both rates was successful from October 05, 2015.

Bank of Baroda Ltd Notification

* Reduction in base rate by 25 premise indicates from 9.90% 9.65% p.a.

* Reduction in base rate and BPLR

* To diminish seat stamp prime loaning rate (BPLR) by 25 premise focuses from 14.15% p.a. To 13.90% p.a.

* Reduction in both rates will be successful from October 05, 2015

Bank of Baroda MCLR Base Rate
Last Updated 12th Dec 2016

Tenure MCLR, Base Rate
Overnight 8.80%
1 Month 8.85%
3 Month 8.95%
6 Month 9.00%
1 Year 9.05%
3 Year 9.05%
5 Year 9.25%

__________________
Answered By StudyChaCha Member