Financial institution of Baroda cuts repo linked lending price by 50 foundation factors to eight.15%

A view of Financial institution of Baroda which has introduced minimize in repo linked lending price by 50 foundation factors on June 8, 2025.
| Photograph Credit score: The Hindu

Following Reserve Financial institution of India’s (RBI) resolution to scale back the coverage repo price by 50 foundation factors to five.5%, Financial institution of Baroda, India’s second largest public sector banks, has introduced the discount in its Repo Linked Lending Price by 50 foundation factors with speedy impact.

“The financial institution’s Repo Linked Lending Price now stands at 8.15%,” it stated in a press release.

“With this, Financial institution of Baroda has totally effected on the RBI price minimize in its Repo Linked Lending Price,” it added.

The RBI has made it clear to the banks to transmit the discount in repo price to debtors. However it has left it to the banks to determine the timing and the quantum of the rate of interest minimize. 

Some small banks had introduced a price minimize instantly after the announcement of the financial coverage on Friday.