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 Reserve Bank of India pays interest on deposits at the reverse repo rate, whereas the repo ... of Funds to arrive at the final lending rate for different tenors.

State-owned lenders such as Bank of Baroda, Punjab National Bank (PNB), and Canara Bank have recently announced reductions in ...

Recently, the MPC of the Reserve Bank of India (RBI) has cut the repo rate by 25 basis points for the second consecutive time. After this cut, the repo rate is now 6 percent. After the RBI's decision, ...

Monetary policy has grown more effective. RBI’s rate-formula tweak for corporate lending may have made a difference.

This is different from the Marginal Cost of ... Based Lending Rate and Base Rate remain unchanged. Indian Bank – Repo Benchmark Rate dropped from 6.25% to 6.00% for all repo-linked loans.

Other banks that reduced their lending rates include Indian Bank, Bank of India and Bank of Baroda. Indian Bank recently ...

Meanwhile, the IDBI Bank has also discontinued its couple of its special FDs. These include FD tenures of 300 and 375 days. Notably, the RBI on April 9, 2025 cut the repo rate by 25 basis points, ...

Bank of Maharashtra reduced the repo rate-linked rate from 9.05 per cent to 8.8 per cent. 2 years 11 months: Cut by 35 basis points 4 years 7 months: Cut by 40 basis points Last Wednesday, April 9, ...

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 ...

Canara Bank and Indian Bank have announced reductions in their lending rates, a decision influenced by the Reserve Bank of India's (RBI) recent cut in the repo rate from 6.25% to 6.00%. This ...

India’s largest private lender, HDFC Bank, says borrowers can expect to feel the impact of recent RBI rate cuts starting this quarter.