REPO RATE REDUCTION
RBI Governor Sanjay Malhotra hints at more room for rate cuts if inflation keeps cooling
RBI Governor Sanjay Malhotra indicated potential future rate cuts if inflation remains below projections, emphasizing a data-driven approach to balance growth and inflation. Despite a recent rate cut and shift to a neutral stance, the central bank aims to maintain flexibility and support economic expansion. Malhotra clarified that liquidity management tools like CRR adjustments are not intended for frequent use.
What do RBI’s monetary policy stances mean? How do they affect the economy
If you are confused by personal finance terms, jargon and calculations, here’s +a series to simplify and deconstruct these for you. In the 55th part of this series, Riju Mehta explains the meaning of stances adopted by the RBI’s monetary policy committee at its bi-monthly meet.
Public vs private banks: Which of these offers the cheapest home loans now after RBI's 50 bps repo rate cut?
Good news for home loan borrowers as Reserve Bank of India cuts repo rate. This move lowers home loan interest rates. Borrowers can expect reduced EMIs or shorter loan tenures. Many banks are revising their lending rates. Public and private sector banks offer varied interest rates. Borrowers should compare fees and processing times before deciding.
Bank of Maharashtra slashes retail loan rate by up to 50 bps
Bank of Maharashtra has reduced its retail loan interest rates by up to 50 basis points, effective June 10, with home loans starting at 7.35% and car loans at 7.7%. This move follows the RBI's recent rate moderation. Bank of Baroda also cut its MCLR by 5 basis points across various tenors.
Home loan EMIs to fall: Canara Bank, Union Bank, Indian Overseas Bank cut lending rates after RBI repo rate cut
Following the Reserve Bank of India's repo rate cut, Canara Bank, Union Bank of India, and Indian Overseas Bank have reduced their Repo Linked Lending Rates (RLLR), offering relief to home loan borrowers.
Union Bank of India, Canara Bank, IOB cut lending rate by 50 bps
Union Bank of India and Indian Overseas Bank have reduced lending rates by 50 basis points, aligning with the RBI's recent rate moderation. This revision includes a decrease in the External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR), benefiting both new and existing retail and MSME borrowers. IOB's RLLR will decrease from 8.85% to 8.35%.
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RBI said to use cash reserve ratio as active liquidity tool
India's central bank is considering more frequent use of the cash reserve ratio (CRR) to manage liquidity and accelerate monetary policy transmission. This shift marks a departure from using CRR only during extreme cash fluctuations. Recently, the RBI unexpectedly reduced the CRR by 100 basis points to 3%, injecting 2.5 trillion rupees into the banking system.
India's rising household debts are not worrisome: SBI report
It said India's household debt is manageable and not worrisome at all, as two-thirds of the portfolio is of prime and above credit quality and the rise is attributed to a growing number of borrowers rather than an increase in average indebtedness.
HDFC Bank cuts these lending rates by 10 bps; check details
HDFC Bank announces a cut in its MCLR. This benefits borrowers with loans linked to this benchmark. The reduction is up to 10 basis points on select tenures. The revised rates range from 8.90% to 9.10%. These rates are effective from June 7, 2025. This follows the Reserve Bank of India's repo rate cut.
Lower home loan EMIs for loans from PNB, Indian Bank, Bank of Baroda, BOI as RBI cuts repo rate by 50 bps
Home loan interest rates: Following the RBI's repo rate cut to 5.50%, four major public sector banks, including PNB, BoB, Indian Bank, and BOI, have reduced their home loan interest rates. These revisions, effective in early June 2025, lower the Repo Linked Lending Rates (RLLR) by 50 basis points.
Rs 7.71 lakh savings on Rs 50 lakh home loan: Check how much you will save after RBI’s 50 bps repo rate cut
If you go for EMI reduction after interest rate reduction, it doesn't only lower your monthly outgo by reducing your EMI, it could also slash your total interest by several lakhs. However, your actual savings depend on whether you reduce your EMI or keep it constant and shorten the loan tenure.
RBI's next interest rate cut action likely in December
Reserve Bank of India may keep interest rates steady in August. However, further reduction is expected later this year. This follows a larger-than-expected cut aimed at boosting economic growth. Most institutions anticipate a rate cut in either October or December. The central bank will also lower the cash reserve ratio to inject liquidity. These measures surprised the markets.
How will RBI's rate cut impact bank profits and interest rates?
Following the RBI's policy measures, banks are poised to benefit from increased liquidity. This influx allows for strategic deployment into credit or securities, boosting interest income while anticipated deposit rate cuts lower funding costs. Consequently, net interest income and profit margins are expected to improve, with NIM pressure potentially bottoming out by the end of the September quarter.
Banks begin slashing lending rates after RBI's rate cut; home, small business loans to get cheaper
Following the Reserve Bank of India's repo rate cut, banks like Bank of Baroda and Punjab National Bank have lowered their repo-linked lending rates by 50 basis points, benefiting home loan borrowers and small businesses. Bank of Baroda's RLLR is now 8.15%, while PNB's is 8.35%.
Surprise! Surprise! Cut worth the wait
Reserve Bank of India has reduced the repo rate to 5.5%. This is the third reduction since February. The aim is to revive borrowing and investment. The rate cut signals that the battle with inflation is done. The Monetary Policy Committee hopes for growth revival. Government tax measures and salary hikes should boost consumption.
PNB cuts lending rate in line with RBI policy
Following a significant 50 basis points repo rate cut by the RBI, Punjab National Bank has reduced its lending rates by up to 50 basis points, effective June 9, 2025. This move aims to make EMIs more affordable for both existing and new borrowers, with home loan rates starting from 7.45% and vehicle loans from 7.8% per annum.
RBI cuts repo rate by 50bps; here's what key economists say
The Reserve Bank of India (RBI) surprised markets by reducing the repo rate by 50 basis points to 5.5% and cutting the Cash Reserve Ratio (CRR) by 100 basis points. This move aims to boost economic growth amid subdued momentum and easing inflation.
RBI MPC opts for a 'jumbo' rate cut to bring repo rate down to 5.5%, switches to neutral gear
RBI MPC 2025 Repo Rate Change: The Reserve Bank of India's Monetary Policy Committee (MPC) reduced the repo rate for the third consecutive time this year, led by Governor Sanjay Malhotra. The decision, made on May 5, 2025, follows previous 25-bps cuts in February and April, driven by a decline in retail inflation to 3.16% in April, prompting banks to lower lending rates.
Cos hail RBI move to exempt small-ticket gold loans from stringent appraisal requirements
The Reserve Bank of India's decision to ease appraisal norms for small gold loans is set to improve credit access, according to gold loan companies. A repo rate cut of 50 bps to 5.50% and a CRR reduction are expected to boost liquidity and lower credit costs.
Big savings for home loan borrowers as EMIs to fall significantly after RBI cuts repo rate by 50 bps
RBI repo rate cut: The Reserve Bank of India has cut the repo rate by 50 bps in today's monetary policy announcement. With the latest rate cut, home loan EMIs or tenure will decrease further. This will result in the big savings on the interest paid on home loan for borrowers.
RBI reschedules next MPC meeting to August 4–6; cites administrative exigencies
The Reserve Bank of India has changed the date for its next Monetary Policy Committee meeting. The meeting was originally scheduled for August 5-7, 2025. Now, the MPC will meet from August 4-6, 2025. The RBI stated that this change is due to administrative reasons. The announcement follows Section 45ZI(4) of the Reserve Bank of India Act, 1934.
Deepest RBI cut in five years will take deposit rates lower
Reserve Bank of India's rate cut of 50 basis points is set to decrease deposit rates. Banks have already begun lowering deposit rates. Since February, most banks have reduced deposit rates by 40 basis points. The rate cuts will take six to nine months to fully materialize.
What should FD investors do now? RBI cuts repo rate by 50 bps, interest rates will fall further
RBI repo rate cut by 50 bps: The RBI has cut the repo rate and other key rates by 50 bps in today's monetary policy announcement. The latest rate cut brings bad news for fixed deposit investors as banks will cut FD interest rates. How can FD investors still earn higher interest rate?
RBI rate cut to positively impact automobiles sector
The Reserve Bank of India's decision to cut the policy rate by 50 basis points is expected to positively impact the automobile sector by making loans cheaper. Industry bodies like SIAM and ACMA believe this move will stimulate demand, lower borrowing costs, and ease working capital pressures, especially for MSMEs.
RBI’s surprise 50 bps rate cut seen reviving real estate demand. Here's what it means for property investors
In a move expected to unlock a fresh wave of housing demand, the Reserve Bank of India on Friday slashed the repo rate by 50 basis points to 5.5%, marking the third straight rate cut under Governor Sanjay Malhotra.
RBI repo rate cut is like BrahMos and Akash activated together: CIO says Rs 2.5 lakh crore liquidity push feels like a missile strike
The Reserve Bank of India (RBI) has significantly eased monetary policy by reducing the Cash Reserve Ratio (CRR) by 100 basis points to 3% and the repo rate by 50 basis points to 5.5%. These coordinated measures are set to inject over ₹2.
RBI to cut CRR by 100 bps in four tranches to boost liquidity, effective Sept
The Reserve Bank of India (RBI) has taken significant steps to boost the economy by reducing both the Cash Reserve Ratio (CRR) and the repo rate. The CRR will be decreased in phases, injecting ₹2.5 lakh crore into the banking system. A surprise repo rate cut, along with a shift to a 'neutral' stance, indicates concerns about economic deceleration.
Growth tops RBI agenda as outsized repo, CRR cuts buoy banks
In a surprise move, the Reserve Bank of India (RBI) slashed the policy rate to 5.5% and reduced the cash reserve ratio (CRR) to 3%, injecting ₹2.5 lakh crore into the banking system. Governor Sanjay Malhotra emphasized boosting growth, supported by a 5-1 vote from the Monetary Policy Committee (MPC).
RBI rate cut to improve sales of affordable, mid-income housing properties: CREDAI
CREDAI lauded the RBI's decision to cut the repo rate by 50 basis points, viewing it as a bold move to stimulate domestic demand and boost residential property sales. The rate cut is expected to improve consumer sentiment, particularly benefiting the mid-income and affordable housing segments.
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