Cheer for borrowers as 6 banks cut lending rates ...Middle East

News by : (The Times of India) -
About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points (bps) following a cut in the key policy repo rate by the RBI last month. With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.

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