Canara, Indian Bank trim home, vehicle loan rates

Following the repo rate cut by the Reserve Bank of India (RBI), several banks are transferring the benefits to customers by lowering their interest rates. Amid this, two leading public sector lenders, Canara and Indian Bank on have lowered their repo-linked lending rate (RLLR) by 25 basis points in line with the central bank.

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With this move, home and vehicle loans offered by these banks have become cheaper.