Repo rate being reduced to 6 per cent is expected to benefit borrowers of car and two-wheeler loans, which are part of the retail loan segment. If banks fully pass on the rate cut, such loan customers could see a decrease of 25 basis points (0.25 per cent) in their interest rates.

Despite recent repo rate cuts by the RBI, several banks like SBI, ICICI Bank, IDBI Bank, and IndusInd Bank have maintained their fixed deposit interest rates. While some banks have discontinued or extended special FD schemes,

As Trump’s new tariffs kick in adding to uncertainty in the global economy, what are the prospects of stimulating growth in India through monetary easing and tax cuts?