Following the Reserve Bank of India's (RBI) recent 25 basis point repo rate reduction to 5.25%, major banks have swiftly passed on the benefits to customers. State Bank of India (SBI), the country's largest public sector bank, has now joined the fray by slashing its key lending benchmarks. Advertisement

This includes cuts to the Marginal Cost of Funds-based Lending Rate (MCLR), External Benchmark Lending Rate (EBLR), Repo Linked Lending Rate (RLLR), Benchmark Prime Lending Rate (BPLR), and Base Rate. Effective December 15, 2025, these changes will lower borrowing costs, reducing equated monthly installments (EMIs) for millions of retail and corporate borrowers.

The cut follows last week’s RBI decision to lower the key interest rate by 25 basis points for the fourth time this year to sup

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