Banks Begin Slashing Lending Rates After Rbi's Rate Cut Home Small Business Loans To Get Cheaper

business banks begin slashing lending rates after rbi s rate cut home small business loans to get cheaper

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Following the Reserve Bank of India's repo rate cut, banks like Bank of Baroda and Punjab National Bank have lowered their repo-linked lending rates by 50 basis points, benefiting home loan borrowers and small businesses. Bank of Baroda's RLLR is now 8.15%, while PNB's is 8.35%.

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