Bank of India Keeps Key Lending Benchmarks Unchanged, Adjusts Fixed Rate Spread

Bank of India ( (IN:BANKINDIA) ) has issued an announcement.

Bank of India has announced that its Marginal Cost of Fund based Lending Rate and Repo Based Lending Rate will remain unchanged from 1 May 2026, maintaining stability in its benchmark-linked lending costs across various maturities. The unchanged benchmarks suggest a steady interest-rate stance, which may provide predictability for borrowers and reflect the bank’s assessment of current funding conditions.

However, the bank has revised its Fixed Rate Spread effective 1 May 2026, setting new spreads over the base rate for tenors ranging from one year to above five years. This adjustment in fixed-rate pricing indicates a recalibration of loan yields across maturities, potentially affecting the cost of new fixed-rate loans and signaling a strategic move to balance margin protection with competitive positioning in the lending market.

More about Bank of India

Bank of India is a public sector bank headquartered in Mumbai, offering a wide range of retail, corporate and institutional banking services across India. It operates in the Indian financial services industry with a focus on lending products linked to benchmarks such as the Marginal Cost of Fund based Lending Rate (MCLR) and the Repo Based Lending Rate (RBLR).

Average Trading Volume: 460,230

Technical Sentiment Signal: Buy

Current Market Cap: 671.7B INR

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