Bank
Indian Overseas Bank Reduces Repo Linked Lending Rate
RBI in its latest Monetary Policy Committee (MPC) meeting announcement on 09th April 2025 has decided to reduce the Policy Repo Rate from 6.25 % to 6.00 %. Accordingly, Asset Liability Management Committee (ALCO) in its meeting held on 11.04.2025 has decided to pass on the rate cut to the customers by reducing the Repo Linked Lending Rate (RLLR) of the Bank by 25 basis points from 9.10% to 8.85% w.e.f 12.04.2025.
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