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IOB Reduces Repo-Linked Lending Rate by 25 bps
Financial Express Kochi
|April 13, 2025
PUBLIC SECTOR INDIAN Overseas Bank has reduced the repo-linked lending rate of the bank by 25 bps with immediate effect, the bank said on Saturday.
Recently, the Reserve Bank of India (RBI) in its latest Monetary Policy Committee (MPC) meeting decided to reduce the policy repo rate from 6.25% to 6%.
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