Indian Bank has informed the Exchange about Revision in Repo Benchmark Rate
INDIANB · price
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Indian Bank has revised its Repo Benchmark Rate in line with the Reserve Bank of India's Monetary Policy Committee decision to cut the Policy Repo Rate by 50 basis points. The Policy Repo Rate is reduced from 6.00% to 5.50%, and the Repo Linked Benchmark Lending Rate (RBLR) is cut from 8.70% to 8.20%. The revised rates are effective from June 9, 2025, until the next review. This means loans linked to the repo rate will become cheaper for borrowers, while deposit rates tied to benchmarks may also see a downward revision.
Lower lending rates may support loan growth and borrowing demand, but could marginally squeeze net interest margins. Existing borrowers on repo-linked loans will benefit from reduced EMIs, while depositors may see slightly lower returns on benchmark-linked deposits.