Indian Bank — Important, 09-04-2025: General Updates

In line with the recent 25 basis point decrease in the Repo rate by the Monetary Policy Committee of RBI, Indian Bank has revised its Repo Benchmark Rate and Repo Linked Benchmark Lending Rates. The new Repo Benchmark Rate for all REPO linked loans is set at 6.00%, down from 6.25%. Additionally, the Repo Linked Benchmark Lending Rates (RBLR) has been adjusted to 8.70%, compared to the previous rate of 9.05%. This adjustment is effective from 11.04.2025 and indicates a strategic response to changing monetary conditions. This development may enhance borrowing conditions, potentially fostering increased lending activity and supporting growth initiatives for the bank moving forward.