Canara Bank and Indian Bank lower lending rates by 0.25% to ease borrower financial burdens.

Canara Bank and Indian Bank have lowered their lending rates, reducing home and vehicle loan interest rates by 0.25% each, following a recent RBI policy. This reduction aims to ease financial burdens on borrowers by lowering monthly payments and offering benefits like waived processing fees. The move follows the RBI's cut in the repo rate to promote affordable credit access.