Bank Of Baroda share price – The state-run lender cut lending rates by 75 basis points, in-line with the Monetary Policy Committee’s decision to cut reporate by the same quantum on Friday.
Repo-linked lending rate cut to 7.25 percent. The cut in lending rates apply to retail and MSME loans from March 28 itself.
In a statement to the exchanges, the lender said that lending rates for existing loans will be reset at monthly intervals.
Bank Of Baroda Cuts Lending Rates Shares trade 2.67 percent lower at Rs 52.90 on the National Stock Exchange, down for the third day in a row.
