by Team Small News | Apr 15, 2025 | Bank of Baroda, Punjab National Bank, RBI, State Bank of India
The Reserve Bank of India (RBI) has slashed its repo rate by 50 basis points, marking the end of the high interest rate regime in the country. This move has led to a cascade effect, with several banks, including public and private sector lenders, cutting their lending... by Team Small News | Apr 15, 2025 | Canara Bank, Indian Bank, Indian Overseas Bank, RBI
In response to the Reserve Bank of India’s (RBI) 25 basis point reduction in the repo rate on April 9, several banks have begun to cut their lending rates, passing on the benefit to their borrowers. Indian Bank was the first to announce a reduction in its...
by Team Small News | Apr 14, 2025 | Bank of Maharashtra, RBI, State Bank of India
The State Bank of India (SBI), Bank of India, and Bank of Maharashtra have announced a reduction in their lending rates by 25 basis points (bps) following the Reserve Bank of India’s (RBI) decision to lower the repo rate last week. This move aims to make loans... by Team Small News | Apr 14, 2025 | Bank of Maharashtra, Indian Overseas Bank, RBI
The Bank of Maharashtra (BoM), a state-owned bank, has announced a reduction in its lending rate linked to the repo rate by 25 basis points. This move is in line with the Reserve Bank of India’s (RBI) recent decision to slash key interest rates by 25 basis... by Team Small News | Apr 14, 2025 | Indian Overseas Bank, RBI
Indian Overseas Bank (IOB) has announced a reduction of 0.25% in its repo-linked lending rate (RLLR) from 9.10% to 8.85%, providing a significant relief to home buyers. This move comes after the Reserve Bank of India (RBI) recently reduced its policy repo rate to... by Team Small News | Apr 13, 2025 | Bank of Baroda, Indian Overseas Bank, RBI
Indian Overseas Bank (IOB) has announced a 25 basis points reduction in its Repo Linked Lending Rate (RLLR), effective immediately. The new rate stands at 8.85%, down from 9.10%. This move comes after the Reserve Bank of India’s (RBI) Monetary Policy Committee...