Bank of Baroda, Bank of Maharashtra and Canara Bank have revised their marginal costs of funds-based lending rates (MCLRs) on loans. Here is a look at the latest MCLR rates of the Bank of Baroda, Canara Bank and Bank of Maharashtra.The stance of RBI’s monetary policy and the policy rates remained unchanged . The RBI maintained its position of “withdrawal of accommodation” and left the repo rate unchanged at 6.5%. The changes in MCLR, will make EMIs linked to MCLR expensive. Most of the banks one year MCLR is linked to consumer loans.Also read: HDFC Bank hikes base rate, interest rates on these loans; check latest ratesBank of BarodaInvest and Earn on ET Money – Get up to 9.5% p.a….
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