RBI's Repo Rate Cut Prompts Banks to Lower Lending Rates
Financial Express Chennai
|June 09, 2025
Cheaper Loans
PUBLIC SECTOR LENDERS — Punjab National Bank, Bank of Baroda, Bank of India, and UCO Bank — and private lender HDFC Bank have cut lending rates following the Reserve Bank of India's decision to reduce the repo rate by 50 basis points (bps) to 5.5%.
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