After the cut in repo rate, these banks made customers happy, reduced loan interest rates, know details.

In the MPC meeting of the Reserve Bank of India i.e. RBI, yesterday, RBI has cut the repo rate by 0.25 percent, after which the people taking loans and the people paying the EMI of the loan will get a lot of benefit. On the other hand, the banks of the country have now started reducing the interest rates of their loans.

In the MPC meeting of the Reserve Bank of India i.e. RBI, yesterday, RBI has cut the repo rate by 0.25 percent, after which the people taking loans and the people paying the EMI of the loan will get a lot of benefit. On the other hand, the banks of the country have now started reducing the interest rates of their loans. Actually, many banks of the country have cut the interest rates of their loans. In such a situation, if you are planning to take a loan in the coming time, then you must know about these banks. Let's know about these banks.

Indian Bank

Indian Bank, one of the public sector banks of the country, has cut its repo-related benchmark lending rate (RBLR) by 35 basis points, after which the rates have become 8.70 percent. The new rates will come into effect from April 11, 2025.

Punjab National Bank (PNB)

Meanwhile, Punjab National Bank has also cut its RBLR, after which the new rate is 8.85 percent. Earlier this rate was 9.10 percent. Apart from this, Bank of India and UCO Bank have also cut their loan interest rates. UCO Bank's interest rates have now come down to 8.8 percent.

The repo rate becomes 6 percent.

After RBI cut the repo rate, the repo rate has now become 6 percent. Earlier in February also, RBI had cut the repo rate by 25 basis points. RBI has cut the repo rate for the second consecutive time.