Bank Of Baroda Lending Rate
BoB announces increased interest rates on domestic retail term deposits
/ -- Bank of Baroda (Bank), one of India's leading public sector banks, today announced increase in interest rates on Domestic Retail Term Deposits, including NRO and NRE Term Deposits, by up to 50 basis points across various tenors up to 3 years. These rates are applicable on deposits below Rs 2 crore, with effect from October 9, 2023. The Bank is offering interest rates of up to 7.40% p.a. for general citizens and up to 7.90% p.a. for senior citizens, which includes 0.50% p.a. of additional interest for senior citizens and 0.15% for non-callable deposits. The Bank has also realigned interest rates on its Tiranga Plus Deposit Scheme for 399 days. Senior Citizens will earn 7.80% p.a. on non-callable deposits under the scheme. Shri Ravindra Singh Negi, Chief General Manager - Retail Liabilities & NRI Business, Bank of Baroda said, "We are pleased to offer attractive interest rates to customers, enabling them to earn higher assured returns. In the 2 to 3 years investment tenor, ...
 "BoB announces increased interest rates on domestic retail term deposits")
Bank of Baroda raises interest rates on retail term deposits by 25 bps
Bank of Baroda has increased interest rates on domestic retail term deposits, including NRO and NRE term deposits, by 25 basis points on select tenors. These rates are applicable on deposits below Rs 2 crore, with effect from March 17, 2023, the pubic sector lender said in a statement. Interest rates have also been hiked on the Baroda Tax Savings Term Deposit as well as Baroda Advantage Fixed Deposit, a non-callable retail term deposit scheme. The new rate on deposits of above 3 years to 5 years is 6.5 per cent and for resident Indian senior citizens, it is 7.15 per cent. For term deposits of above 5 years to 10 years, the new rate is 6.5 per cent and for senior citizens it is 7.5 per cent. Bank of Baroda had earlier increased retail term deposit interest rates in December 2022 by up to 65 basis points and in November 2022 by up to 100 basis points.
 "Bank of Baroda raises interest rates on retail term deposits by 25 bps")
Bank of Baroda hikes interest rates on retail term deposits by up to 65 bps
Further, the Bank is offering interest rates up to 7.50% p.a, which includes 0.50% p.a. for senior citizens and 0.25% for non-callable deposits, for a period of 1 year and upto 3 years
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Provisions of the lender declined 41 per cent YoY to Rs 1,628 crore in Q2FY23.
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Fitch affirms Bank of Baroda, subsidiary at 'BBB-' with stable outlook
Action factors in a high likelihood of sovereign support to the public sector lender; rating agency says profitability to rise further; high loan growth to resume
Bank of Baroda, Union Bank of India reduce lending rates across all tenors
Bank of Baroda has revised its one-year MCLR to 7.65 per cent from 7.80 per cent
 "Bank of Baroda, Union Bank of India reduce lending rates across all tenors")
Bank of Baroda hikes benchmark lending rate by 0.1% to 8.4% for 1-yr tenure
The revised marginal cost of funds based lending rate benchmarks are effective from April 7
 "Bank of Baroda hikes benchmark lending rate by 0.1% to 8.4% for 1-yr tenure")
