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Bank lending rates rise after RBI’s 25-bps repo rate hike, with PNB, BoI, Indian Bank, BoB and IOB revising repo-linked ratesSeveral banks have raised their repo-linked lending rates within hours of the Reserve Bank of India’s 25-basis-point repo rate hike to 5.50 per cent, increasing borrowing cos…
RBI’s 25 bps repo hike raises borrowing costs, hitting home and auto loans, with mixed impact on new and existing borrowers.
The Reserve Bank of India (RBI) on Wednesday, October 7, 2026, raised the benchmark repo rate by 25 bps to 5.5%. This is the first rate hike since February 2023