Bank of India Keeps MCLR Unchanged, Adjusts Base Rate and Fixed Rate Spread
Bank of India will keep its MCLR and RBLR unchanged from April 1, 2026. The Base Rate will be adjusted to 9.50% p.a. from April 1 to June 30, 2026. Fixed Rate Spreads have also been revised.
Changes in lending rates like MCLR, Base Rate, and Fixed Rate Spread can impact the bank's profitability and loan demand, thus having a medium-term effect on its financial performance and customer base.
The announcement details changes in lending rates, including keeping MCLR and RBLR unchanged while adjusting the Base Rate and Fixed Rate Spread. These are routine operational adjustments with no significant positive or negative implications highlighted.
Bank of India has announced changes to its lending rates, effective April 1, 2026. The Marginal Cost of Fund based Lending Rate (MCLR) and Repo Based Lending Rate (RBLR) will remain unchanged.
The current MCLR rates are as follows: Overnight MCLR at 7.70%, 1-Month MCLR at 8.05%, 3-Month MCLR at 8.20%, 6-Month MCLR at 8.60%, 1-Year MCLR at 8.75%, and 3-Year MCLR at 8.90%.
However, the Fixed Rate Spread (FRS) has been adjusted. For tenors of 1-Year, 2-Year, 3-Year, 4-Year, and above 5-Year, the rates are 8.75%+CRP, 9.25%+CRP, 9.35%+CRP, 9.75%+CRP, and 8.75%+Tenor Interest Premium+CRP, respectively.
Additionally, the Base Rate has been revised from 10% to 9.50% per annum, effective from April 1, 2026, to June 30, 2026.
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Bank of India filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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