Bank of Baroda cuts lending rate by 50 bps as repo falls to 5.50%

The bank said the revised BRLLR reflects a decrease in the RBI’s repo rate from 6.00% to 5.50%, while the mark-up component remains unchanged at 2.65%. This marks a corresponding reduction in the effective lending rate from 8.65% to 8.15%. Shares of Bank of Baroda Ltd ended at ₹246.30, down by ₹4.30, or 1.72%, on the BSE.

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