New Delhi, Dec 5 (PTI) Hours after the RBI slashed key policy rate, state-owned lenders, Bank of Baroda (BoB) and Bank of India, on Friday announced an interest rate cut on loans linked to repo rate by 25 basis points, a move expected to be followed by other lenders too.

Bank of India reduced Repo Based Lending Rate (RBLR) to 8.10 per cent from 8.35 per cent effective Friday, Bank of India said in a regulatory filing.

Baroda Repo Based Lending Rate (BRLLR) to come down to 7.90 per cent as against the existing 8.15 per cent, BoB said in a separate filing.

The new rate would be effective from December 6, it added.

Another state-owned lender Indian Bank, earlier this week, trimmed the Marginal Cost of funds based Lending Rate (MCLR) by 5 basis points to 8.80 per cent for a tenure of 1 yea

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