⚡PNB, Indian Bank & Bank of India Cut MCLR by 5 BPS, Loans to Get Cheaper
By Team Latestly
Three major public sector banks—PNB, Indian Bank, and Bank of India—have cut MCLR by 5 basis points from July 2025, following a 100 bps repo rate cut by the RBI to reduce borrowing costs and stimulate economic activity.