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 repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
EMIs on home and vehicle loans will come down, making it easier for individuals to repay their debts. A lower repo rate makes ...
The rate cut could be the beginning of a low-interest cycle and is expected to ease the burden on loan borrowers, as banks ...
The RBI’s repo rate significantly influences personal loan interest rates. A rise in the repo rate leads to higher loan costs ...
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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