Bank Of India has informed the Exchange regarding 'Revision in RBLR'.
BANKINDIA · price
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Bank of India has revised its Repo Based Lending Rate (RBLR) from 8.85% to 8.35%, effective June 6, 2025. The change follows the Reserve Bank of India's repo rate cut from 6.00% to 5.50%, a reduction of 50 basis points announced on the same day. The bank's markup over the repo rate remains unchanged at 2.85%. This means loans linked to RBLR will become cheaper for borrowers going forward.
Lower lending rates may improve loan demand and growth for Bank of India, but could put some pressure on net interest margins. For existing borrowers on RBLR-linked loans, EMIs or interest costs will reduce.