Bank of Baroda maintains overnight MCLR at 7.80% from January 12

Bank of Baroda  has announced that its marginal cost of funds based lending rate (MCLR) will remain unchanged at 7.80% for the overnight tenure, effective from January 12, 2026. The one-month MCLR will continue at 7.90%, the three-month rate at 8.15%, the six-month rate will decline slightly to 8.50% from 8.60%, while the one-year rate will stay at 8.75%, the bank said in a regulatory filing to the BSE and NSE on January 9.

The bank’s announcement comes amid broader developments in India’s investment

landscape. In a report dated January 2, 2026, Bank of Baroda highlighted that Andhra Pradesh has emerged as the country’s top investment destination, capturing 25.3% of proposed capital in the first nine months of 2025. Over half of India’s total proposed capital investment, 51.2%, is concentrated in three states — Andhra Pradesh, Odisha, and Maharashtra.

Back in October 2025, on the financial performance front, Bank of Baroda reported in its filing that net profit for the second quarter of the fiscal year declined by 8% to ₹4,809 crore, despite a 3% growth in net interest income. The bank noted an improvement in asset quality, with gross non-performing assets falling to 2.16% from 2.28% sequentially, while net NPAs eased to 0.57% from 0.60%.

Also read: Bank of Baroda Q2 net profit declines 8% to ₹4,809 crore despite 3% growth in NII

In addition, on December 17, 2025, Bank of Baroda underwrote a $500 million foreign currency loan for OOIL, the ONGC Videsh subsidiary, at GIFT City IFSC to support its global expansion and overseas operations.

Also read: Bank of Baroda underwrites $500 million foreign currency loan for ONGC Videsh arm

Bank of Baroda’s share price closed at ₹300.50 on the NSE on January 9, up ₹0.95, or 0.32%.