The move is expected to boost sectors such as real estate, which depends heavily on loans for its consumers to make a ...

MCLR is the minimum interest rate, or the floor rate, that banks can charge on loans. MCLR rates are not linked to external ...

The Reserve Bank of India has reduced the repo rate by 25 basis points to 6.25%. This is the first reduction since 2020. The ...

The most recent change made by the Reserve Bank of India regarding homebuyers and home loan borrowers has had a significant ...

With the recent 25 bps reduction in the repo rate, banks are expected to lower home loan rates for both new and existing ...

It usually takes some time for customers to see these benefits of RBI rate cuts, although a few loans that are directly ...

SBI Chairman CS Setty confirmed lending rate revision after RBI’s 25 bps repo rate cut. However, deposit rates may not ...

Recently, the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 6.25 per cent from 6.50 per cent, ...

The RBI decreased the repo rate by 25 basis points to 6.25%, leading many banks like Canara Bank, PNB, and Union Bank of ...

If you’re on a fixed rate, you might want to evaluate if switching to a floating rate makes sense, depending on market ...

The policy space arising out of the rate cut coupled with credit uptake and prudent fiscal operation would help in evolving ...

Muthoot said that cost of funds are likely to come off only marginally and therefore he does not expect that to translate into lower lending rate.