<ul><li>Indian Overseas Bank has slashed its repo-linked lending rate to 8.85% after the Monetary Policy Committee's (MPC) decision.</li><li>The rate cut comes after the Reserve Bank of India's MPC reduced the repo rate to 6% and changed its stance from neutral to accommodative.</li><li>UCO Bank and Karur Vysya Bank have also reduced their repo-based lending rates by 25 basis points and 30 basis points respectively.</li><li>Indian Overseas Bank's stock closed 0.71% lower at Rs 34.93 apiece on the NSE.</li></ul>

Indian Overseas Bank Slashes Repo-Linked Lending Rate To 8.85% After MPC Decision

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