Bank of India: Repo Based Lending Rate (RBLR) Revised to 8.35%

Bank of India has announced a change in its Repo Based Lending Rate (RBLR) to 8.35% effective October 7, 2026. This revision is a direct consequence of the Reserve Bank of India's (RBI) upward revision of the Repo Rate in its recent monetary policy announcement. The Repo Rate component has increased from 5.25% to 5.50%, while the Mark-up remains unchanged at 2.85%. Consequently, the effective RBLR has moved from 8.10% to 8.35%, an increase of 25 basis points.