Six Indian Banks Revise Lending Rates After RBI Repo Hike
SBI, PNB and four other banks revised lending rates, according to the headline. The article says the RBI raised its benchmark repo rate by 25 basis points to 5.50% on October 7, 2026.
New Delhi, Oct. 17 -- The Reserve Bank of India (RBI) recently hiked its benchmark repo rate by 25 basis points to 5.50% on 7 October 2026. This announcement was made at the culmination of the three-day Monetary Policy Committee (MPC) meeting.Subsequently, several banks have also increased their re…