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.

The move is expected to boost sectors such as real estate, which depends heavily on loans for its consumers to make a purchase.

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.

Recently, the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 6.25 per cent from 6.50 per cent, marking the first cut since 2020 and bringing much-needed relief to borrowers.

If you’re on a fixed rate, you might want to evaluate if switching to a floating rate makes sense, depending on market conditions and your remaining loan tenure.

February 6, the RBI cut repo rate by 25 basis points to 6.25 percent, which may impact depositors with likely lower fixed deposit interest rates and reduced passive income

The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.

The central bank may cut interest rates by 50 bps (basis points), and shift its stance from "neutral" to "accommodative", as per Bank of Baroda.Bank Of Baroda ReportThe bank suggested that that the RBI might cut the rate further,

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 estate sector.