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of <h1>Public Sector Banks Lower Lending Rates by 35 Basis Points After RBI Policy Rate Reduction</h1> Four public sector banks have reduced lending rates by up to 35 basis points following the Reserve Bank of India's policy rate cut. The banks, including major national financial institutions, adjusted their Repo-Linked Benchmark Lending Rates to ranges between 8.70% and 8.85%. The rate reduction is expected to benefit existing and new borrowers, with other banks anticipated to implement similar changes in the near future.
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