Banks Likely To Reduce Interest Rates After RBI's Repo Rate Cut: SBI Report
Wednesday, 9 April 2025 The report also points out that with the recent surge in the gold loan portfolio, coupled with rising gold prices and increased volatility, regulatory intervention due to fears of breaching loan-to-value (LTV) limits is natural.Β Β
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now..
Following the RBI's rate cut, SBI has reduced its deposit rates by 10 basis points across select tenors, while keeping MCLR-linked lending rates unchanged. The... IndiaTimes
A week after RBI's rate cut announcement, several banks have also reduced their lending rates that will have a positive impact on the common borrowers. Zee News
Wednesday, 9 April 2025
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