Indian Overseas Bank — Home loan interest rate not reduced after application to the bank

Address:

Kumaran kundram Branch

I have account in IOB, Kumaran kundram branch, and i have a home loan with the bank. the bank was not send any information about the loan interest rate reducing After RBI has reduced their repo rate .

I only asked the bank, and they asked me to send the application form, same was sent to the bank on October 2020, but still the interest rate not revised . Nobody is telling the reason still why it is not revised.

If interest rate increased by RBI, the bank will automatically increase our home loan interest without information .
this is applicable to all the banks, where is the ethics?
Manikandan.[protected]