Cheer for borrowers as 6 banks cut lending rates

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.

from Times of India https://ift.tt/2AYxBDB