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PNB, BOB, RBL cut retail loan rates
Business Standard
|February 11, 2025
EMIs Set To Fall
Equated monthly installments (EMIs) on retail and small business loans are set to fall as large public-sector banks, including Punjab National Bank and Bank of Baroda, have reduced the external benchmark-linked loans rates from Monday.
The move comes after Reserve Bank of India on Friday reduced the policy repo rate by 25 basis points (bps) to 6.25 per cent.
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