PNB, Indian Bank, Bank of Baroda Raise Loan Rates Following RBI Repo Rate Hike

Following the Reserve Bank of India's decision to increase the repo rate by 25 basis points to 5.50%, major banks such as Punjab National Bank, Indian Bank, and Bank of Baroda have raised their benchmark lending rates. These changes will take effect starting October 8, impacting loan costs for borrowers.

Originally published by gnews