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Bank of Baroda, HDFC Bank reduce lending rates

Name: Bank of Baroda, HDFC Bank reduce lending rates
Uploaded: Sun, 08 Jun 2025 23:48:50 +0530
Channel: Rediff Video Desk
Description: State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI's rate reduction.Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, which will benefit borrowers whose loans are linked to this benchmark.

State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI's rate reduction. Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, which will benefit borrowers whose loans are linked to this benchmark.

Uploaded by: Rediff Video Desk on Sun, 08 Jun 2025 23:48:50 +0530

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Bank of Baroda, HDFC Bank reduce lending rates

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