Indian Bank cuts repo-linked lending rate following RBI move

FINANCE

Indian Bank cuts repo-linked lending rate following RBI move

AIMPWA

April 9, 2025

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Indian Bank has announced a reduction in its Repo Linked Benchmark Lending Rate (RBLR), bringing it down from 9.05% to 8.70%

Indian Bank has announced a reduction in its Repo Linked Benchmark Lending Rate (RBLR), bringing it down from 9.05 per cent to 8.70 per cent, effective April 11, 2025.

The move comes in response to the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decision on Wednesday to cut the repo rate by 25 basis points—from 6.25 per cent to 6.00 per cent.

The 35 basis point reduction in Indian Bank’s RBLR is expected to bring down borrowing costs for customers with loans tied to the RBLR, including home and business loans. Depending on their loan agreements, borrowers may benefit from lower Equated Monthly Instalments (EMIs) or a shortened loan tenure, according to a statement.

Published on April 9, 2025

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