New Delhi, December 5 (Daily Kiran) – Just hours after the Reserve Bank of India (RBI) lowered the key policy repo rate, Bank of Baroda (BoB) announced a 0.25 percent reduction in its repo-linked loan interest rate on Friday. The new rates will be effective from December 6.
In a statement to the stock market, Bank of Baroda said its Baroda Repo Linked Lending Rate (BRLLR) will decrease from the current 8.15 percent to 7.90 percent following the cut. The bank confirmed that the revised interest rates on loans will come into effect starting December 6.
Earlier today, the RBI reduced the repo rate from 5.50 percent to 5.25 percent. This follows previous cuts of 25 basis points each in February and April 2025, and a 0.50 percent reduction in June, cumulatively lowering the policy rate by 1 percent. The RBI did not change the rates in its two subsequent review meetings.
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(Daily Kiran) / Prajesh Shankar
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