RBI repo rate and bank lending benchmarks today
Updated 8 Nov, 6:30 am · RBI policy repo rate 5.50% (RBI website)
| Bank | Benchmark | Rate | Effective from | Source |
|---|---|---|---|---|
| State Bank of India | EBLR | 8.15% | – | Bank website |
| Bank of Baroda | BRLLR | 8.15% | 08.10.2026 | Bank website |
| Canara Bank | RLLR | 8.25% | 09.10.2026 | Bank website |
| Punjab National Bank | RLLR | 8.35% | 08.10.2026 | Bank website |
| ICICI Bank | I-EBLR | 8.65% | October 07, 2026 | Bank website |
SBI’s EBLR excludes the credit risk premium and business strategy premium added for each borrower.
Common questions
What is the RBI repo rate today?
The RBI policy repo rate is 5.50% as shown on the Reserve Bank of India website on 8 Nov 2026.
What is EBLR or RLLR?
It is the external benchmark lending rate a bank sets as RBI repo rate plus its own mark-up. Floating-rate home loans and MSME loans are priced as this benchmark plus a spread that depends on your credit profile, so when the repo rate changes, your rate moves at the next reset.
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