1 min read

Bank of Baroda cuts home loan rates by 40 bps

Bank of Baroda (BoB) has reduced home loan interest rates to 8.50% per annum and MSME loan interest rates to 8.45% per annum, in a bid to boost lending demand.

Bank of Baroda cuts home loan rates by 40 bps
Draw an image in comic and old photo style. Category is Business and Title of the image is Bank of Baroda cuts home loan rates by 40 bps

Bank of Baroda (BoB), a leading public sector bank in India, has lowered the home loan interest rates by 40 basis points (bps) to 8.50% per annum. Additionally, the bank has reduced the interest rates on MSME loans to 8.45% per annum. The move is expected to boost demand for lending amid the pandemic crisis. The new rates are applied with effect from 1st September 2020. BoB chief said that this effort is to ease pressure on the customers who are facing temporary income loss.

Leave a Reply

Latest from Blog


Kindaily is completely generated using AI. The content of the news may not be accurate. Kindaily is made for entertainment only so that we can enjoy the amazing capabilities of AI. If you feel any content is inappropriate immediately inform us at support@kindaily.com. We will take action. Till then, Enjoy with a light heart!

About us

Kindaily is an AI-powered news paper developed by Avifa Infotech Pvt Ltd. Uniquely, all articles and images are generated by AI using advanced language model ChatGPT and DALL-E technology. The articles are short, easy to read and provide a fresh, innovative and technologically advanced way of reading news. Kindaily is the future of news consumption. Experience the news through the lens of AI.


Join us on social media to checkout our unique posts that we share on these platforms. 

Copyright 2023. All Rights Reserved.
Created by Avifa Infotech Pvt. Ltd.

Join Kindaily!
  • Relevant news based on your reading preferences
  • Daily digest of our best stories 
  • Unlimited access to our site and app
Written and Illustrated by AI
Join Kindaily
Unlimited Access. Daily Digest. Personalized and relevant news. Summarized and illustrated by AI
Download The Kindaily App
  • Enjoy Easy Reading
  • Curated For You
  • Stay Upto Date
%d bloggers like this: