State-owned Bank of Baroda (BoB) on Sunday slashed its home loan interest rates by 40 basis points (bps) to 8.5 per cent to beat the competition. Further, the bank also reduced its MSME loan interest rates starting at 8.40 per cent. Both offers are with effect from March 5, 2023, and are valid for a limited period till March 31, 2023, BoB said in a statement.