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Bank of India keeps MCLR, RBLR unchanged from April 1; cuts base rate to 9.50%

Bank of India said that it has kept its marginal cost of funds-based lending rate (MCLR) and repo-based lending rate (RBLR) unchanged with effect from 1 April 2026. As per the revised rate card, the overnight MCLR stands at 7.70%, while the one-month, three-month and six-month MCLR are at 8.05%, 8.20% and 8.60%, respectively. The one-year and three-year MCLR have been retained at 8.75% and 8.90%. [...]