Bank of India increases its repo rate by 25 bps

New Delhi: State-owned Bank of India in a regulatory filing on Wednesday said that it has changed its bank's Repo Based Lending Rate (RBLR) to 9.35 percent with immediate effect. The bank also reported that it has increased its repo rate from 6.25 percent to 6.50 percent.

"The revision is on account of upward revision in repo rate announced by RBI on Wednesday, in its monetary policy," said the filing. It also stated that the mark up remained unchanged while the effective RBLR has increased from 9.1 percent to 9.35 percent.

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