Bank of India Announces No Change in MCLR/RBLR, Adjusts Fixed Rate Spread Effective Sept 1, 2026
Bank of India will maintain its MCLR and RBLR rates from September 1, 2026. The bank has adjusted its Fixed Rate Spread, with rates for tenors ranging from 1 year to above 5 years now specified.
The change in Fixed Rate Spread is a standard adjustment in the bank's lending practices. The unchanged MCLR and RBLR indicate stability in core lending rates. Therefore, the impact is considered low.
The announcement details changes in lending rates, specifically the Fixed Rate Spread, while keeping MCLR and RBLR unchanged. This is a routine update with no immediate positive or negative implications for the company's performance.
Bank of India has announced updates to its lending rates, effective from September 1, 2026. The Marginal Cost of Fund based Lending Rate (MCLR) and the Repo Based Lending Rate (RBLR) will remain unchanged.
However, there have been changes to the Fixed Rate Spread (FRS). The applicable rates for various tenors are as follows: 1 Year at 8.75%+CRP, 2 Years at 9.20%+CRP, 3 Years at 9.35%+CRP, and 5 Years at 9.60%+CRP. For tenors above 5 Years, the rate will be 8.75%+Tenor Premium+CRP.
These updates are in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
A plain-language summary of a public exchange filing by Bank of India. Read the original for the full detail.