The Asset Liability Management Committee (ALCO) of Indian Overseas Bank (IOB), in its meeting held on Wednesday, approved the reduction of Repo Linked Lending Rate (RLLR) of the bank by 50 basis points from 8.85 per cent to 8.35 per cent. This change will take effect on June 12, 2025.
RBI, in its Latest Monetary Policy Committee (MPC) meeting, announced the reduction of the Repo Rate by 50 basis points.
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