Indian Bank reduces Repo Linked Benchmark rate in line with the RBI MPC
Chennai, April 09, 2025 - Indian Bank has announced a reduction in Repo Linked Benchmark Lending Rate from 9.05 % to 8.70 % applicable on its assets portfolio, following the Reserve Bank of India's (RBI) announcement cutting the repo rate by 25 basis points, from 6.25% to 6.00%, in the latest Monetary Policy Committee (MPC) meeting. The revised lending rates will be effective from 11th April, 2025.
The RBLR has been reduced by 0.35% (35 basis points), directly reflecting the decrease in the RBI's repo rate. This move will lower borrowing costs for customers with loans linked to RBLR, such as home loans and business loans. Depending on their loan terms, customers may benefit from reduced EMIs (Equated Monthly Instalments) or a shorter loan tenure.
Indian Bank with a commitment to provide better banking experience to its customers has offered the due benefits to borrowers by reducing RBLR.
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Indian Bank published this content on April 19, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 19, 2025 at 09:52 UTC.
Indian Bank is an India-based public sector bank. Its segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Business. Treasury Segment includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts. Corporate/Wholesale Banking segment comprises the lending activities of corporate accounts group, commercial clients group and stressed assets resolution group. This segment providing loans and transaction services to corporate and institutional clients and also include non-treasury operations of foreign offices. Retail banking segment includes digital banking and other retail banking. Its other retail banking comprises of retail branches, which includes personal banking activities including lending activities to corporate customers having banking relations with these branches. It has over 5847 (including three digital banking units) domestic branches, three overseas branches and one IFSC banking unit.
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