Bank of India announced that Repo Based Lending Rate (RBLR) has been reduced to 8.35% w.e.f. 06 June 2025.
Today, RBI has revised the Repo Rate from 6.00% to 5.50% (decrease of 50 bps). The change in RBLR is as under:
Repo Rate revised from 6.00% to 5.50% (-50 bps)
Mark up remained unchanged at 2.85%
Effective RBLR revised from 8.85% to 8.35% (-50 bps)
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