"With the Reserve Bank of India (RBI) cutting the repo rate by 0.25 per cent, borrowers, particularly those with home loans, will get the benefit of decline in EMIs. In the light of the upcoming festive season, the Bank of Maharashtra is glad to pass on the policy benefits to its customers," the bank said.
In its policy meet last week, the RBI cut the key repo rate -- at which it lends to banks -- by 0.25 per cent to 6 per cent.
The Pune-based Bank of Maharashtra stock closed unchanged at Rs 27.75 on BSE today.
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