Bank of Baroda cuts repo linked lending rate by 50 basis points to 8.15%

A view of Bank of Baroda which has introduced minimize in repo linked lending rate by 50 basis points on June 8, 2025.
| Photo Credit: The Hindu

Following Reserve Bank of India’s (RBI) determination to cut back the coverage repo rate by 50 basis points to 5.5%, Bank of Baroda, India’s second largest public sector banks, has introduced the discount in its Repo (*50*) Lending Rate by 50 basis points with fast impact.

“The bank’s Repo Linked Lending Rate now stands at 8.15%,” it mentioned in an announcement.

“With this, Bank of Baroda has fully effected on the RBI rate cut in its Repo Linked Lending Rate,” it added.

The RBI has made it clear to the banks to transmit the discount in repo rate to debtors. But it has left it to the banks to resolve the timing and the quantum of the curiosity rate minimize. 

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