Bank of Baroda’s share increased the lender’s decision

Bank of Baroda”s share increased following the lender’s decision to reduce its home loan rate by 40basis point

Shares of Bank of Baroda rose slightly in early trade on March 6 after the lender cut interest rates on home loans

bank of barodaBank of Baroda

State-owned Bank of Baroda (BoB) on Sunday cut lending rates by 40 basis points (bps) to 8.5% interest to beat latent competition. The bank reduced its interest rate on loans to MSMEs from 8.40%.

Both offers are active from March 5 and are valid for a limited period until March 31, BoB said in a statement. As of 9:34 am, Bank of Baroda shares were trading at 174.75 rupees, up 1.80 rupees, or 1.04%. to withdraw from lending to MSMEs, he said.

Also read: A Comprehensive Guide for Managing Your Business Finances

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