💨 Abstract
On April 9, Bank of India and UCO Bank reduced their lending rates by 25 basis points after the RBI slashed its policy rate. The new Repo Based Lending Rates for Bank of India and UCO Bank are 8.85% and 8.8% respectively, effective from April 9 and April 10 respectively. Other banks are expected to follow suit. This rate reduction will benefit existing and new borrowers.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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