Bank of Baroda Lowers Lending Rates: RBI Policy Cut Spurs Affordable Borrowing

Bank of Baroda, HDFC Bank reduce lending rate by up to 50 bps, 10 bps

New Delhi, Jun 8 (PTI) State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI’s rate reduction. Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, […]

Bank of Baroda, HDFC Bank Reduce Lending Rate by Up to 50 Bps, 10 Bps

Get latest articles and stories on India at LatestLY. State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI's rate reduction. India News | Bank of Baroda, HDFC Bank Reduce Lending Rate by Up to 50 Bps, 10 Bps.

Bank of Baroda Lowers Lending Rates: RBI Policy Cut Spurs Affordable Borrowing

Bank of Baroda has reduced its Repo Linked Lending Rate by 50 basis points following RBI's policy rate cut, making loans more affordable. The revised rate of 8.15% is effective from June 7. This decision aligns with lower inflation and aims to boost housing and business loans.

Banks Slash Lending Rates After RBI Repo Rate Cut: Cheaper Loans Ahead?

Punjab National Bank was among the first to pass on the benefit, lowering its repo-linked lending rate from 8.85 per cent to 8.35 per cent.

Bank of Baroda cuts repo linked lending rate by 50 basis points to 8.15%

Bank of Baroda reduces Repo Linked Lending Rate by 50 basis points to 8.15% following RBI's rate cut.

Kiwibank makes its fixed rate changes now

Kiwibank follows its main rivals with its own home loan rate cuts, concentrating its fire on the short fixed rate end. Its term deposit savers are getting their own cuts, across the board