Bank of Baroda (BOB) cuts lending, deposit rates. Public sector lender Bank of Baroda has cut its base rate and benchmark prime lending rate by 25 basis points each to 10.25 per cent and 14.50 per cent, respectively.
All loans, including retail and corporate, linked to these two lending rate benchmarks will become cheaper to that extent. The lending rate cuts are with effect from February 9. The bank has also pared deposit rates in shorter maturities by 15-20 basis points.