Bank of India — Important, 30-04-2025: Updates

Bank of India has revised its Marginal Cost of Fund based Lending Rate (MCLR), with new rates set at: Overnight 8.15%, 1 Month 8.45%, 3 Month 8.60%, 6 Month 8.85%, 1 Year 9.05%, and 3 Year 9.20%. This adjustment indicates changes in the Bank's pricing policy, which may raise borrowing costs for consumers and businesses, potentially affecting loan demand in the market.