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Bloomberg Quint
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Bank Of Baroda Cuts Lending Rates After RBI Move, Keeps MCLR Steady
- Bank of Baroda has announced the immediate reduction of lending rates by 25 basis points for retail and small business loans.
- The rate cut comes after the Reserve Bank of India's decision to reduce key interest rates by 25 basis points.
- However, Bank of Baroda has kept the marginal cost of funds-based lending rate (MCLR) steady.
- The benchmark one-year tenor MCLR remains unchanged at 9%.
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