New Delhi, Dec. 8 -- As many as five banks including Bank of Baroda and Punjab National Bank have so far cut their external benchmark-linked loan rates following Reserve Bank of India's (RBI) decision on December 5 to lower policy repo rate by 25 basis points to 5.25%.

Public sector Bank of Baroda has reduced its Repo Linked Lending Rate by 25 basis points effective December 6, 2025. The Bank's lending rate now stands at 7.90% as against 8.15% earlier.

Punjab National Bank (PNB) has revised Repo Linked Lending Rate from 8.35% to 8.10%.

Marginal Cost of Lending Rate (MCLR) and Base Rate of the PNB remain unchanged, the PNB said in a regulatory filing.

Indian Bank, Bank of India and Karur Vysya Bank have also reduced lending rate by 25 ...