RBI Repo Rate: Meanwhile, private sector major HDFC Bank has lowered interest rate on savings accounts by 25 basis points to 2.75 per cent which is the lowest among peers in the private sector.

Following RBI's repo rate cut, SBI has also reduced its EBLR, or external benchmark lending rate, and RLLR (repo-rate linked lending rate). This will be effective April 15, 2025. While MCLR rates ...

The Reserve Bank of India (RBI) on April 9, 2025, cut the repo rate by 25 basis points (bps), bringing it down from 6.25 per cent to 6 per cent during the meeting of the Monetary Policy Committee ...

The repo rate is the Reserve Bank of India’s magic wand—a powerful tool that influences everything from your loan EMI to how expensive your groceries are. Let’s break it down: “Repo rate ...

Several banks, including SBI, BOI, HDFC Bank, and Yes Bank, have reduced their fixed deposit (FD) interest rates after the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6%. Axis ...

The RBI's Monetary Policy Committee (MPC) on April 9 announced a 25-basis-point (bps) cut in the repo rate, reducing it from 6.25 per cent to 6 per cent. This marked the second consecutive rate ...

Days after the Reserve Bank of India (RBI) slashed the repo rate by 25 basis points (bps), banks, including the State Bank of India (SBI), have announced deposit rate cuts on select maturities. This ...

The Reserve Bank of India (RBI) will likely cut repo rate by up to 100 basis points (bps) more in the current easing cycle, economists say. The RBI, under Governor Sanjay Malhotra, has cut repo ...

Major banks have cut their lending and deposit rates following Reserve Bank of India’s (RBI) 50 basis points cut in repo rate in 2025. The largest private sector bank HDFC Bank cut its deposit ...

Mumbai: The Maharashtra Cabinet, chaired by the Chief Minister Devendra Fadnavis, on Tuesday, had approved an interest rate of 1 per cent above the repo rate in the case of delay in the payment of ...

Heralding a lower interest rate regime for bank deposits in line with a total of 50 basis points rate cut by the Reserve Bank of India in two instances, government-owned Bank of India on Saturday ...

Following last week’s 25 basis point cut (bps) in the repo rate by the Reserve Bank of India (RBI), certain banks, including State Bank of India (SBI), Bank of India, and Indian Bank, have reduced ...