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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 ...
SBI home loan EMIs to reduce as PSU bank cuts lending rates: Check latest SBI EBLR, MCLR, base rates
The Economic Times· 2025-12-13 02:33
Also read: SSBI latest MCLRSBI has revised its Marginal Cost of Funds-based Lending Rate (MCLR) across various tenors, effecting a modest reduction for borrowers. The overnight and one-month MCLR rates have been cut from 7.90% to 7.85% each, while the three-month rate has been trimmed from 8.30% to 8.25%. The six-month MCLR now stands at 8.60% compared to 8.65% earlier. Longer tenors have also seen similar reductions: the one-year benchmark, which is widely used for most retail loans, has been lowered from ...