RBI cuts repo rate: SBI Chairman reveals when banks may reduce deposit rates
SBI Chairman CS Setty confirmed lending rate revision after RBI’s 25 bps repo rate cut. However, deposit rates may not decrease immediately as banks assess credit demand. Know more on how RBI’s monetary policy impacts deposit and lending rates.
After RBI's rate cut, when will banks cut deposit rates? Here's what SBI Chairman CS Setty says
The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to cut the policy repo rate by 25 basis points, from 6.5 percent to 6.25 percent. India's largest lender State Bank of India will see a decline in its lending rates linked to an external benchmark (EBLR) this month itself, said Chairman CS Setty.
Niranjan Hiranandani, chairman of the National Real Estate Development Council and co-founder and managing director (MD) of ...
A game-changer in digital security, RBI’s ‘bank.in’ domain will safeguard online banking from scams and phishing attacks.
The Reserve Bank of India’s recent decision to cut the repo rate by 25 basis points to 6.25 per cent is set to boost the real ...
The RBI announced the formation of the working group, to be headed by R S Ratho ...
According to Associated Chambers of Commerce and Industry of India (ASSOCHAM) President Sanjay Nayar, the 25 basis points cut ...
The RBI’s policy, marked by restrained dovishness, balanced the need for a rate cut with cautious liquidity assurances, ...
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