
Business Update10 Apr 2025, 12:04 am
Indian Bank Revises Repo Benchmark Rate by 25 bps in Line with RBI's Decrease
AI Summary
In accordance with the Monetary Policy Committee (MPC) of RBI's decision to decrease the REPO rate by 25 basis points, Indian Bank has revised its REPO benchmark rate and Repo Linked Benchmark Lending Rates (RBLR). The revised REPO benchmark rate for all REPO linked loans stands at 6.00%, down from 6.25%. Similarly, the RBLR has been revised to 8.70%, a decrease from 9.05%. These revisions are effective from 11.04.2025 till the next review.
Key Highlights
- Indian Bank revises REPO benchmark rate in line with RBI's decrease
- REPO benchmark rate for all REPO linked loans now stands at 6.00%
- Repo Linked Benchmark Lending Rates (RBLR) revised to 8.70%
- Revisions effective from 11.04.2025 till next review