The country’s largest government bank, State Bank of India (SBI), and Indian Overseas Bank (IOB) have announced a reduction in loan interest rates, offering relief to their customers.

The decision comes after the Reserve Bank of India (RBI) recently cut the repo rate by 25 basis points.

The new rates will come into effect from December 15, 2025, benefiting both existing and new borrowers.

SBI and IOB Cut Loan Interest Rates

Last week, the RBI cut its policy interest rate for the fourth time this year to boost economic growth.

SBI responded by lowering its lending rates, with the aim of passing on the full benefit of the RBI’s move to its customers.

25 Basis Points Cut in EBLR

According to reports, SBI has reduced its External Benchmark Linked Rate (EBLR) by 25 basis points, bringing

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