repo rate impact

Indian Bank, PNB, Bank of India lower repo-linked lending rates affecting home loan rates

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Indian Bank, PNB, Bank of India lower repo-linked lending rates affecting home loan rates

The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, prompting several Indian banks to adjust their repo-linked lending rates (RLLR). This move is set to benefit home loan borrowers, as banks like Indian Bank, Punjab National Bank (PNB), and Bank of India have announced reductions in their lending rates. … Read more

Fixed deposit rates: Six banks tweak senior citizen FD rates following RBI repo rate cut

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Fixed deposit rates: Six banks tweak senior citizen FD rates following RBI repo rate cut

Following the Reserve Bank of India’s recent 0.25% reduction in the repo rate, attention has swiftly turned towards fixed deposit (FD) interest rates, particularly affecting senior citizens. With banks expected to reduce their rates accordingly, six institutions have announced revised FD interest rates effective February 2025. This adjustment comes as a significant move for those … Read more