Indian Overseas Bank reduces Repo Linked Lending Rate by 25 basis points

Indian Overseas Bank has lowered its Repo Linked Lending Rate by 25 basis points, effective immediately. This decision follows the Reserve Bank of India's reduction of the Policy Repo Rate to 6 per cent. The bank's Asset Liability Management Committee decided to pass on the rate cut to customers, reducing the lending rate from 9.10 per cent to 8.

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