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Context from Wikipedia on the organisations, people and places in this story.
Indian public sector bank
Bank of India (BoI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founding member of SWIFT, which facilitates provision of cost-effective financial processing and communication services.
More on Wikipedia ↗New Delhi, Oct. 17 -- The Reserve Bank of India (RBI) recently hiked its benchmark repo rate by 25 basis points to 5.50% on 7 October 2026. This announcement was made at the culmination of the three-day Monetary Policy Committee (MPC) meeting.Subsequently, several banks have also increased their re…
Following the Reserve Bank of India’s (RBI) repo rate hike, several banks have increased their Repo-linked Lending Rates (RLLR). With this increase, home and other loans linked to the repo rate at these banks have become costlier. Banks like State Bank of India (SBI) have already announced revised EBLR-linked home…