Indian banks lower lending rates after RBI repo rate cut

news18.com

Banks have lowered lending rates following the RBI's 25 basis point repo rate cut to 5.25%. This move will ease monthly payments for borrowers. HDFC Bank, PNB, Bank of Baroda, Indian Bank, Bank of India, and Bank of Maharashtra are among the institutions reducing rates. This benefits customers with loans linked to MCLR, RLLR, and RBLR. The reductions vary by bank and loan type, with some also waiving processing fees. These changes are effective from early December 2025.


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