These Public Sector Banks Have Cut Interest Rate on Loans: Check Name of Your Bank Here

The RBI’s six-member Monetary Policy Committee, chaired by Governor Sanjay Malhotra, voted unanimously on Friday to lower the repo rate by 25 basis points to 5.25%. The committee also maintained a neutral policy stance, keeping the door open for potential future cuts. Following the deduction in repo rate, these public sector banks have slashed the interest rate

Punjab National Bank

State-owned Punjab National Bank (PNB) announced on Saturday (December 6) that it has revised its Repo Linked Lending Rate (RLLR), following the Reserve Bank of India’s decision to cut the repo rate on December 5, 2025.

PNB reduced its RLLR from 8.35% (including a 10-basis-point BSP) to 8.10% (also including a 10-basis-point BSP), effective December 6, 2025. The bank clarified that its Marginal Cost of Funds-based Lending Rate (MCLR) and Base Rate remain unchanged.

Bank of India Slashed Interest Rates by 25 Basis Points

Bank of India also revised its key lending benchmarks for home loans. Bank of India similarly cut its Repo-Based Lending Rate (RBLR) by 25 basis points to 8.10%, with the new rate applicable from December 5. The bank attributed the revision to the RBI’s latest monetary policy decision to reduce the benchmark repo rate.

Indian Bank Decreased Rates to 7.95%

Indian Bank announced a reduction in its repo-linked benchmark lending rate from 8.20% to 7.95%, with the revised rate taking effect on December 6. The lender noted that the change will ease borrowing costs for long-tenure loans, including housing loans, ultimately lowering EMIs for customers. According to its exchange filing, the revised rate will remain in force until the next review.

Also Read: RBI Decided to Cut Repo Rate by 0.25% to 5.25%: Retains Policy Stance as Neutral

Bank of Baroda

State-owned Bank of Baroda has announced a 25-basis-point reduction in its Baroda Repo Based Lending Rate (BRLLR), as disclosed in a regulatory filing. The BRLLR has been brought down from 8.15% to 7.90%, effective December 6, 2025. The revision follows the recent cut in the repo rate from 5.50% to 5.25%. The bank added that its markup component will remain unchanged at 2.65%.

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