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PNB, Indian Bank and Bank of India Cut MCLR by 5 BPS in July 2025 After RBI Repo Rate Cut; Home, Personal Loans May Get Cheaper
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PNB, Indian Bank and Bank of India Cut MCLR by 5 BPS in July 2025 After RBI Repo Rate Cut; Home, Personal Loans May Get Cheaper
Three major public sector banks—PNB, Indian Bank, and Bank of India—have cut MCLR by 5 basis points from July 2025, following a 100 bps repo rate cut by the RBI to reduce borrowing costs and stimulate economic activity. PNB, Indian Bank and Bank of India Cut MCLR by 5 BPS in July 2025 After RBI Repo Rate Cut; Home, Personal Loans May Get Cheaper.
The Monetary Policy Council lowered interest rates to 5%. Experts predict that real recovery in the housing market will only occur at the end of the year, when the declines in loan interest rates become more pronounced.
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