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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 ...
Home loan EMIs to get cheaper? SBI passes on RBI’s 25 bps repo rate cut benefits; check the new rates
The Times Of India· 2025-12-13 08:27
The public sector entity slashed the MCLR, EBLR and RLLR rates and revised the BPLR and base rates, according to ET.Herre are the new rates: RBI Slashes Rates After Rupee Fall, Boosts Liquidity And Lifts India’s GDP Forecast To 7.3%MCLR rates revised across tenorsSBI has cut its Marginal Cost of Funds-based Lending Rate (MCLR) across these tenors:Short-span Overnight and one-month MCLR: Reduced from 7.90% to 7.85% each. Three-month MCLR: Cut from 8.30% to 8.25% Six-month MCLR: Now at 8.60%, down from 8 ...