Explorer
Bank loans to get cheaper as RBI slashes repo rate to 5.75%
In the second bi-monthly monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday slashed its key lending rate for commercial banks by 25 basis points (bps) to 5.75 per cent.
Repo rate is the key interest rate at which RBI lends short-term funds to commercial banks. The central bank has changed its policy stance to accommodative from neural.
With the RBI cutting repo rate by 25 basis points, bank loans are set to get cheaper.
Repo rate is the key interest rate at which RBI lends short-term funds to commercial banks.
With the RBI cutting repo rate by 25 basis points, bank loans are set to get cheaper.
India
Breaking News: Delhi Turns Into Gas Chamber as Dense Fog and AQI Above 400 Choke NCR
Breaking News: Telangana Sarpanch Dresses as Bear to Chase Away Monkeys, Viral Video Sparks Buzz
Weather Alert: Severe Cold, Very Dense Fog and Hazardous Pollution Disrupt Life in Delhi-NCR
Breaking Update: Dense Fog and Hazardous Pollution Paralyse Delhi-NCR, Flights Cancelled
Weather Alert: Dense Fog and Severe Air Pollution Grip Delhi-NCR, Visibility Drops Sharply
View More
Top Headlines
India
Telangana Follows Karnataka, CM Revanth Reddy To Bring Hate Speech Law Soon
Cities
‘They'll Make Assam Part Of East Pakistan': PM Modi’s Explosive Charge Against Congress In Guwahati
Cricket
India Squad For IND-NZ T20Is: Ishan Kishan, Rinku Singh Return
World
Bangladesh Bids Farewell To Sharif Osman Hadi, Historic Turnout Reported Amid Tight Security
Trending News
Sayantan Ghosh
Opinion
