With the RBI’s 50 basis points cumulative reduction in policy rates since February this year, transmission of the rate cut by banks is expected in the coming quarters, according to an SBI report.

This marked the second consecutive rate cut opted by the MPC after it lowered benchmark rates by 25 basis points in its earlier meeting in February 2025.

MUMBAI: Home loans and other borrowings are set to get cheaper with Reserve Bank of India reducing the repo rate by 25 basis points and vowing to keep the banking system flush with surplus liquidity against the backdrop of global uncertainties,