Bank of India Keeps Base Rates Unchanged, Raises Fixed Loan Spreads
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Bank of India (BoI) will keep its MCLR/RBLR unchanged from 1 May 2026 while raising Fixed Rate Spreads on new term‑loan tenors.
- Funding cost stability: MCLR stays at current levels (e.g., 1‑year 8.75%, overnight 7.70%).
- Fixed Rate Spread hikes: 9.25% + CRP for 2‑yr, 9.60% + CRP for 3‑yr, and 10.00% + CRP for 5‑yr loans.
- Higher spreads are expected to lift the Net Interest Margin, creating a short‑term margin advantage.
- Profit upside depends on loan demand; price‑sensitive borrowers could slow growth.
- Investors should monitor loan‑book expansion, the share of new term‑loan disbursements, and NIM trends in upcoming earnings.
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