A repo rate cut generally lowers borrowing costs, making loans more affordable. However, borrowers often do not see an ...

has recently announced a reduction in its External Benchmark-based Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) for various loans, including home loans. The revised lending rates will ...

The repo rate is the rate at which the RBI lends to commercial banks. When the repo rate is cut, banks are able to borrow at cheaper rates, theoretically allowing them to transfer the gains to ...

The State Bank of India (SBI) has announced unchanged marginal cost of funds-based lending rates (MCLR) for various loan ...

The RBI’s recent repo rate cut to 6.25% is expected to lower borrowing costs for personal and home loan borrowers. Several ...

all those retail and small business loans linked the to external benchmark—repo rate—come down or go up automatically when the RBI changes the repo rate. In a posting on its home page late ...

Net liquidity in the banking system was in a deficit of Rs 1.09 trillion as of Monday, according to the latest data by RBI ...

As per the central bank’s mandate issued in 2019, banks have to link their retail loans (such as home loans, car loans) to external benchmark lending rates (EBLR) which is mostly the repo rate ...

State Bank of India (SBI) reduced interest rates on new retail and business loans tied to external benchmarks, following the RBI's repo rate cut. Home loan rates now range from 8.25% to 9.2% based ...

The RBI decreased the repo rate by 25 basis points to 6.25%, leading many banks like Canara Bank, PNB, and Union Bank of India to lower their repo-linked lending rates. This reduction offers benefits ...