Punjab National Bank (PNB) has cut its rate from 9.1% to 8.85%, effective from April 10, 2025. There are no changes to the bank’s existing marginal cost of funds-based lending rate (MCLR) and ...

New Delhi [India], April 11: India's real estate sector has welcomed the Reserve Bank of India's latest monetary policy move, which saw the repo rate reduced by 25 basis points to 6%. Industry ...

With the RBI reducing repo rates, fixed deposit interest rates ... to maximize returns before further reductions occur. The impact of rate reductions on short and medium-term FDs will be more ...

Repo rate cut: RBI Governor Malhotra hints at more in coming months after two back-to-back cuts Bharat Dhawan, Managing Partner, Forvis Mazars in India said, “The RBI’s rate cut is a timely ...

A reduction in the repo rate allows banks to borrow more cheaply, often leading to lower interest rates on loans for consumers and businesses. New Delhi: The Reserve Bank of India (RBI ...

New Delhi: Hours after the Reserve Bank of India (RBI) announced a 25 basis points cut in the repo rate, two major public sector banks -- Bank of India and UCO Bank on Wednesday reduced their ...

Indian Bank announced a reduction in its Repo Linked Benchmark Lending Rate from 9.05 % to 8.70 % effective April 11. The RBLR is being reduced by 0.35% (35 basis points), directly reflecting the ...

The report points out that following the RBI's 25 basis point cut in repo rate in February, public sector banks reduced deposit rates by 6 basis points, and foreign banks reduced 15 basis points ...

The Monetary Policy Committee (MPC), consisting of three central bank members and an equal number of external members, voted unanimously to cut the repurchase or repo rate by 25 basis points to 6 ...

RBI April 9 Repo Rate Highlights: The MPC’s stance reflects cautious optimism ,says Rohit Garg, CEO and Co-Founder, Olyv The RBI’s 25 bps repo rate cut is a clear signal to support growth ...