Major banks cut lending rates: After RBI trims repo rate, SBI, PNB, Canara Bank, and IOB lower borrowing costs
The Economic Times·2025-12-17 11:58
State Bank of India (Canara Bank trims RLLRCanara Bank has cut its Repo Linked Benchmark Lending Rate (RLLR) by 25 basis points, bringing it down from 8.25% to 8%. The revised rate, which came into effect on December 12, 2025, directly mirrors the RBI’s repo rate reduction. Existing borrowers with loans linked to RLLR are soon to see a reduction in their EMIs or the loan tenure, depending on the terms of their loan agreement.Also read: PNB cuts RLLRPunjab National Bank has also announced a cut in its Repo L ...