Bank of Baroda has revised its Marginal Cost of Funds Based Lending Rate (MCLR), increasing lending rates across four tenures with effect from November 12, 2026.
According to the bank’s regulatory filing dated November 9, the one-month MCLR has been raised by 5 basis points (bps) to 8% from 7.95%. The three-month MCLR has been increased by 20 bps to 8.50% from 8.30%, while the six-month MCLR has been raised by 20 bps to 8.70% from 8.50%.
The one-year MCLR has been revised upwards by 10 bps to 8.85% from 8.75%. However, the overnight MCLR has been left unchanged at 7.85%.
The revised rates will come into effect from November 12, 2026, the bank said in its filing to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Bank of Baroda Q2 results
Bank of Baroda reported its highest-ever quarterly net profit of ₹6,532 crore for Q2FY27, registering a 35.8% year-on-year increase. Operating profit also reached a record ₹11,430 crore, rising 50.9% from the corresponding quarter last year.
Net interest income (NII) increased 9% year-on-year to ₹13,026 crore, while non-interest income surged 95.8% to ₹6,881 crore. However, provisions rose 93.3% to ₹2,381.8 crore during the quarter, compared with ₹1,232.47 crore a year ago.
The bank’s global net interest margin (NIM) stood at 2.74%. Its gross non-performing asset (GNPA) ratio improved by 38 bps year-on-year to 1.78% as of September 2026, while the net NPA ratio declined 20 bps to 0.37%.
Global business grew 17.2% year-on-year to ₹32,57,883 crore as of September 30, 2026. Global advances increased 18.3% to ₹15,12,448 crore, while global deposits rose 16.4% to ₹17,45,435 crore.
Shares of Bank of Baroda closed at ₹260.01 on the NSE, up ₹11.11 or 4.46%.