RBI rate cut: Home, auto, & small business loan borrowers to benefit as banks lower interest rates

The Reserve Bank of India cut the benchmark repo rate by 25 basis points to 6%, prompting banks to lower interest rates for home, auto, and small business loans. This marks a 50 basis points reduction in 2025, including a February cut. The move benefits new borrowers and those with loans linked to external benchmarks like the repo rate.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YzLIDoH
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