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%.
The RBI's recent 0.25 percentage point cut in the repo rate is under close government scrutiny to ensure banks pass this ...
EMIs on home and vehicle loans will come down, making it easier for individuals to repay their debts. A lower repo rate makes ...
RBI data suggest that during the tightening period, the transmission on fresh deposits and loans was higher for state-owned ...
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
A decrease in the repo rate will now prompt banks to lower their lending rates, making home loans more affordable.
The RBI cut the repo rate by 25 basis points to 6.25%, marking its first reduction in five years. The monetary stance remains ...
RBI expected to cut repo rate by 75-100 bps by FY26 end, reflecting concerns on growth and inflation forecasts.
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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