Banks’ cut repo-linked lending rates by 50 bps, making home and vehicle loans cheaper
Banks such as Punjab National Bank (PNB), Bank of India (BoI), UCO Bank, Indian Bank, and Bank of Baroda (BoB) have slashed their repo linked lending rates (RLLRs) by 50 basis points, making home loans, vehicle loans, personal loans, and MSME (micro, small and medium enterprise) loans cheaper to that extent. The cut in RLLRs…