Bank of Baroda has emerged as the highest bidder for Jet Airways’ 83,000 sq ft office space in Mumbai’s Godrej BKC, offering Rs 370 crore. Brookfield Asset Management, which already owns office space in the building, holds the right of first refusal and is likely to exercise it.
NEW DELHI: State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI’s rate reduction. Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, which will benefit borrowers whose loans are linked to this benchmark. Pursuant to the Reserve Bank of India (RBI) reducing the policy repo rate, the bank has slashed its Repo Linked Lending Rate (RLLR) by 50 basis points with effect from June 7, BoB said in a statement.…
Bank of Baroda has reduced interest rate on home loans by 40 basis points for new borrowers. The new rate now starts from 8.00% per annum compared to 8.40% earlier. The revised rates, linked to a borrower’s credit score, are applicable on new home loans as well as on home improvement loans. Home loans of ₹15 lakh and above are eligible for the new rates, the bank said in a press release. Bank of Baroda is offering a concession of 0.05% per annum for women borrowers and 0.10% per annum for borrowers below 40 years of age, on ready properties,…
