VERIFIEDMint Money·7 Oct 2026neutral

Punjab National Bank, Indian Bank raise lending rates after RBI repo rate hike — Here's what this means for customers…

AI Summary

·Punjab National Bank and Indian Bank have increased their lending rates following the RBI's repo rate hike.
·The Reserve Bank of India has raised the repo rate to 5.50%.
·Several other banks, including Bank of Baroda and Bank of India, have also increased their lending rates.