New Delhi, Dec. 13 -- State Bank of India (SBI) and Indian Overseas Bank (IOB) have lowered lending rates following the Reserve Bank of India's recent reduction in the policy repo rate, passing on the benefit to borrowers ahead of the effective date of December 15, 2025.

SBI said its External Benchmark Linked Rate (EBLR) has been cut by 25 basis points to 7.90 per cent. IOB, in a similar move, reduced its Repo Linked Lending Rate (RLLR) by 25 basis points to 8.10 per cent from 8.35 per cent, fully transmitting the RBI's latest policy easing.

The rate revisions follow the RBI's decision last week to cut the repo rate by 25 basis points for the fourth time this year, aimed at supporting economic growth, reported PTI.

Changes in Lending B...