This means that there will be a tendency for interest rates to come down even further over time. The repo rate was reduced by ...

“There is a challenge for banks because the repo rate cut of 25 bps will anyway hit ... adding that MCLR is a formula-driven benchmark and it would be a decision taken by the asset liability ...

which is called a “weighted bank-funding rate”. The formula for calculating it is complicated. It is the average of the daily repo rate and the overnight rates quoted on the Mexican money market over ...

Sri Lanka's central bank is no longer restrained by a requirement to sell down its domestic assets, in the newly board ...

After the Reserve Bank of India (RBI) announced a 25 basis point reduction in the repo rate to 6.25% on February 7, loan borrowers are expected to see some relief. This marks the RBI’s first ...

With the new rate, your monthly EMI drops to Rs 17,356, resulting in a total savings of Rs. 76,259. If you maintain your current EMI payments, you could pay off your loan 5 months earlier than ...

Loans can either have fixed or floating interest rates. The Reserve Bank of India (RBI) has recently reduced the repo rate by 25 basis points to 6.25%, with expectations of further cuts in ...

Floating rate retail loans such as home loans and mortgage loans are turning cheaper as major banks are giving effect to the recent 25 basis points repo rate cut by RBI’s Monetary Policy ...