BOB raises lending rates by up to 0.2%; home, auto and other loans to be expensive
2/6/2019

Business/  News Measurements Network

02:20
Ahead of the monetary policy review, state-owned Bank of Baroda (BOB) Tuesday increased its lending rates by up to 0.2 percent, a move that will make the home, auto and other loans expensive.
 
The bank has revised the marginal cost of funds-based lending rate (MCLR) with effect from Thursday, BOB said in a statement.
 
The MCLR for a three-month tenor increased to 8.50 percent from the existing 8.30 percent and for six-month maturity, it will go up to 8.70 percent from the current 8.50 percent.
 
The interest rate on one-year tenure will go up by 0.1 percent to 8.75 percent.
 
Most of the retail loans are benchmarked against one-year MCLR.
 
The RBI is scheduled to unveil its sixth bi-monthly monetary policy on Thursday.

Latest Articles

"Last leg SPACERACE petition of our time" - MARS AND EVERYTHING PAST IT WITH THE REAL MCCOY!

Today's Date: 08-20-2018 Hello, this is Boh with (serial inventor). I am writing you today looking to spark a NEW spacecraft startup for TRUE/permanent spacecrafts. Its call the CORE HYPER DRIVE t...

Read Full Article
Keep your body well hydrated, this Summer True hydration does not occur with de-mineralized water.

Medical Desk,  Lucknow:    Perhaps this is why its consumption does not quench thirst Manjari Chandra. Drinking water serves a range of purposes in our bodies, such as re...

Read Full Article
America Study Conducted, Reveals Growth and Benefits of the Practice

Monis Khan, Resident Editor, NM Lucknow:   The freshly released 2016 Yoga in America Study Conducted by Yoga Journal and Yoga Alliance shows that the amount of people, yoga practit...

Read Full Article