Bank of India — Important, 30-06-2025: Updates

Bank of India has announced a board meeting to review the financial results for the quarter and half-year. The bank has revised its Marginal Cost of Funds based Lending Rate (MCLR) downward by 5 bps across maturities effective 01.07.2025, with the 1-year MCLR now at 8.10%. The Fixed Rate Spread (FRS) on retail loans remains at 1.50%, making the fixed-rate retail loan interest rate 10.65% (3-year MCLR + FRS). Repo Based Lending Rate (RBLR) is unchanged. This adjustment could support lending growth amid competitive interest rate scenarios.