RBI cuts repo rate: SBI Chairman reveals when banks may reduce deposit rates
SBI Chairman CS Setty confirmed lending rate revision after RBI’s 25 bps repo rate cut. However, deposit rates may not decrease immediately as banks assess credit demand. Know more on how RBI’s monetary policy impacts deposit and lending rates.
What Is Repo Rate And How Does It Impact? RBI Cuts Interest Rates, Repo Rate Reduced By 25 bps To 6.25%
In addition to the repo rate cut, the Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) rates have also been reduced by 25 bps to 6% and 6.5%, respectively. The bank rate has also been adjusted to 6.5%.
With the recent 25 bps reduction in the repo rate, banks are expected to lower home loan rates for both new and existing ...
The RBI's recent 0.25 percentage point cut in the repo rate is under close government scrutiny to ensure banks pass this ...
The RBI cut the repo rate by 25 basis points to 6.25%, marking its first reduction in five years. The monetary stance remains ...
EMIs on home and vehicle loans will come down, making it easier for individuals to repay their debts. A lower repo rate makes ...
RBI expected to cut repo rate by 75-100 bps by FY26 end, reflecting concerns on growth and inflation forecasts.
The rate cut could be the beginning of a low-interest cycle and is expected to ease the burden on loan borrowers, as banks ...
According to experts, investors who have invested in debt mutual funds may benefit from some significant tax-saving changes ...
Why the RBI’s Monetary Policy Committee (MPC) decision to reduce the Repo rate is relevant to the UPSC exam? What is the ...
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