The Reserve Bank of India (RBI) recently announced a reduction in the repo rate, which has prompted several banks to lower their loan interest rates. This shift is set to make equated monthly installments (EMIs) for home, auto, and MSME loans more affordable. In this article, we will explore which banks have reduced their lending ...
In April, following the Indian Reserve Bank’s decision to reduce the repo rate by 0.25 percent, numerous banks have adjusted their Fixed Deposit (FD) rates accordingly. This reduction has brought the repo rate down to 6 percent, prompting financial institutions to reevaluate their deposit schemes, reflecting the current economic climate. Impact of Repo Rate on ...
As the new financial year approaches, individuals and businesses alike must stay informed about the latest policy changes and regulations introduced by the government and financial regulators. Commencing on April 1, several new decisions related to income tax and investments will come into effect. Understanding these changes is crucial to maximizing benefits and ensuring compliance. ...
The recent decision by the Reserve Bank of India (RBI) to reduce the repo rate has stirred discussions across the banking sector. As of today, the repo rate has been cut from 6.50% to 6.25%, a move that experts had long anticipated. This decrease in the repo rate generally leads banks to lower their Marginal ...