RBI’s repo rate cut effect: These lenders have reduced borrowing

Following the Reserve Bank of India’s decision to reduce the repo rate by 25 basis points, several lenders have slashed their lending rates to pass on the benefit to borrowers. State Bank of India (SBI), Bank of India (BoI), Bank of Maharashtra (BoM), and Bank of Baroda (BoB) are among the major lenders that have cut interest rates on various retail and MSME loans.

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