Mumbai, April 10 -- April 10 : The government-owned Bank of Baroda on Thursday announced the immediate transmission of the Reserve Bank of India's (RBI) policy rate cut to its customers.

The public sector lender said it has "reduced its external benchmark-linked lending rates for loans catering to Retail and MSME segments, ensuring that customers benefit quickly from the RBI's monetary policy move."

Additionally, the Bank's overnight marginal cost of funds-based lending rate (MCLR) stands at 8.15 per cent, and its one-year MCLR is 9 per cent, which the bank said is among the most competitive in the industry. This move is aimed at providing credit at affordable rates to individuals and businesses, supporting broader economic growth and ...