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.
RBI Repo Rate Cut to Improve Credit Affordability, Boost Big Purchases
The move is expected to boost sectors such as real estate, which depends heavily on loans for its consumers to make a purchase.
RBI's 25-bps repo rate cut: Should you go for special-rate FDs now?
February 6, the RBI cut repo rate by 25 basis points to 6.25 percent, which may impact depositors with likely lower fixed deposit interest rates and reduced passive income
Rationale behind RBI’s repo rate cut by 25 bps, possible impact on interest rates, investment and consumption
EMIs on home and vehicle loans will come down, making it easier for individuals to repay their debts. A lower repo rate makes borrowing cheaper for individuals and businesses, which can lead to increased spending and investment.
Reactions to RBI repo rate cut
The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.
When will your loan EMIs come down? Government to keep close eye on banks for RBI’s repo rate cut transmission
The RBI's recent 0.25 percentage point cut in the repo rate is under close government scrutiny to ensure banks pass this benefit to consumers. The cen
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%.
RBI cuts repo rate by 25 bps! Your bank will slash fixed deposit rates now? Check what top banks are offering on FDs
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting deposits, while a lower rate reduces FD returns by making borrowing cheaper.
Personal loan interest rates: Why RBI’s repo rate matters to you
The RBI’s repo rate significantly influences personal loan interest rates. A rise in the repo rate leads to higher loan costs for borrowers, while a cut may lower rates, making loans more affordable.
This Bank Revises Savings Account Interest Rates Post RBI Repo Rate Cut
The interest rates on savings accounts have been drastically reduced by RBL Bank, according to the banks official website. The new rates will go into effect on5, 2025.
Repo rate-linked loans drop fast, but MCLR and new loans may lag—when will your home loan EMI fall post RBI rate cut?
With the recent 25 bps reduction in the repo rate, banks are expected to lower home loan rates for both new and existing ...
RBI Monetary Policy: Rate-sensitive sectors see mixed reaction as RBI cuts repo rate
Rate-sensitive sectors reacted mixed after RBI’s 25 basis points repo rate cut to 6.25%. The BSE Sensex fell 328 points, ...
Deposit rates drop more in easing phase, lending rates rise in tightening
RBI data suggest that during the tightening period, the transmission on fresh deposits and loans was higher for state-owned ...