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7 Banks Cut Lending Rates to Give You Quick Relief
The New Indian Express Tirunelveli
|February 12, 2025
MCLR-linked loan rates take time to be cheaper
SEVEN banks have cut their repo-linked lending rates (EBLR) in response to the Reserve Bank of India's 25 basis-point rate cut announced on Friday. Over Monday and Tuesday, Bank of Baroda, Punjab National Bank, Bank of India, Indian Bank, UCO Bank, Karur Vysya Bank, and RBL Bank cut rates in the range of 15-25 bps for their existing customers.
However, the two largest banks in the country—State Bank of India and HDFC Bank—are yet to pass on the rate-cut benefit to customers.
This story is from the February 12, 2025 edition of The New Indian Express Tirunelveli.
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