Top 5 Bank Rate Cuts After RBI’s Latest Move

Antara Bhattacharyya

HDFC Bank (10 bps MCLR cut) Reduced Marginal Cost of Funds-based Lending Rates across all tenures by 10bps, easing EMIs for borrowers linked to MCLR

Bank of Baroda (50 bps RLLR cut) Cut its Repo‑Linked Lending Rate from 8.65% to 8.15%, effective June 7, passing RBI’s full repo relief

Punjab National Bank (50 bps RLLR cut) Slashed its RLLR from 8.85% to 8.35%, effective June 9, directly transmitting repo cut benefits

UCO Bank (50 bps RLLR & 10 bps MCLR cuts) RLLR lowered to 8.30%, plus across-the-board 10bps MCLR reduction, effective early June

Canara Bank (50 bps RLLR cut and 20 bps MCLR) RLLR reduced from 8.75% to 8.25% effective June 12; additionally trimmed MCLR by 20bps across tenures

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