"RBI repo rate cut by 0.5 percent"!

"RBI repo rate cut by 0.5 percent"!

April 13, 2019
"RBI repo rate cut by 0.5 percent"!
  • RBI recently reduced the repo rate from 6.25 per cent to 6 per cent. In the last 3 months, the repo rate has been cut by 0.5 percent. Most banks have reduced the rate of interest only by 0.05 per cent, following RBI's cut of 0.5 per cent.
  • 4 banks, including SBI, IDBI, IOB and Bank of Maharashtra, cut interest rates by just 0.05 percent. However, this cut is nothing beyond the deficit of 0.5 per cent in the last three months of the RBI. SBI has cut home loan upto Rs 30 lakh by 0.10 per cent.
Next
« Prev Post
Previous
Next Post »
Subscribe to: Post Comments (Atom)