A Win for Borrowers! BOI’s Lending Rate Drop Opens Doors to Affordable Credit

Unknown Apr 02, 2026 1,200 Views

The Bank of India (BOI) has reduced its repo-based lending rate (RBLR) by 50 basis points, bringing it down from 8.85% to 8.35%. This move follows the Reserve Bank of India’s (RBI) decision to cut the repo rate by 50 basis points, lowering it from 6% to 5.5%. The central bank’s decisi...