The one-year tenor -- which is the benchmark for all consumer loans such as auto, retail, housing -- has been reduced to 7.45 per cent from 7.5 per cent.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-of-baroda-cuts-mclr-by-0-05-per-cent-across-tenors/articleshow/79167030.cms
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