Bank of Baroda, Bank of India and Canara Bank, on Friday, reduced their benchmark lending rates by 0.25 percentage point, making home, auto and corporate loans cheaper for borrowers. The Base Rate and benchmark prime lending rates (BPLR) have been lowered by 0.25 percentage point each with effect from February 9, Bank of Baroda (BoB) said in a BSE filing. BoB’s base rate and BPLR now stand at 10.25 per cent and 14.50 per cent, respectively. Bank of India (BoI) and Canara Bank also cut their base rate BPLR by 0.25 percentage point. Both banks now have a Base Rate and BPLR of 10.25 per cent and 14.50 per cent. — PTI