Major Public Banks Slash Home Loan Rates After RBI Repo Cut

• Bank of Maharashtra (BoM) reduced retail loan interest rates by 25 basis points, including home and car loans.
• BoM's new home loan rates start at 7.10%, and car loan rates at 7.45%.
• These reductions follow the RBI's 25 basis point cut in the repo rate to 5.25%.
• Punjab National Bank (PNB) revised its Repo Linked Lending Rate (RLLR) from 8.35% to 8.10%.
• Indian Bank also lowered its repo-linked benchmark lending rate from 8.2% to 7.95%, effective December 6.

Why It Matters: Banks reduce loan rates, making borrowing more affordable for consumers.