Following RBI s rate hike, several banks have increased their lending interest rates including the Marginal Cost of Funds Based Lending Rate (MCLR) and Revised Repo Based Lending Rate (RBLR)
In line with RBI s key repo rate hike by 25 basis points (bps) to 6.50% on Wednesday, the public sector lender Indian Bank has raised its REPO and RBLR rates with effect from 09.02.2023.