RBI INTEREST RATE CUT
Union Bank of India, Canara Bank, IOB cut lending rate by 50 bps
Union Bank of India and Indian Overseas Bank have reduced lending rates by 50 basis points, aligning with the RBI's recent rate moderation. This revision includes a decrease in the External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR), benefiting both new and existing retail and MSME borrowers. IOB's RLLR will decrease from 8.85% to 8.35%.
RBI in talks with NBFCs to enable rate transmission
NBFCs play a crucial role in financial inclusion, as they extend credit to people, communities and small businesses that are often underserved by traditional banks. The RBI's engagement signals a growing concern within the central bank over the lag in rate transmission by these institutions, even as banks have shown relatively better, albeit still partial, alignment with monetary policy moves.
After RBI's repo rate cut, ICICI Bank reduces interest rates on fixed deposits; check latest FD rates in June 2025
After the revision, ICICI Bank offers FD interest rates between 3% and 6.6% to general citizens for amounts below Rs 3 crore; for senior citizens, the rates vary between 3.5% and 7.1%.
HDFC Bank cuts these lending rates by 10 bps; check details
HDFC Bank announces a cut in its MCLR. This benefits borrowers with loans linked to this benchmark. The reduction is up to 10 basis points on select tenures. The revised rates range from 8.90% to 9.10%. These rates are effective from June 7, 2025. This follows the Reserve Bank of India's repo rate cut.
Lower home loan EMIs for loans from PNB, Indian Bank, Bank of Baroda, BOI as RBI cuts repo rate by 50 bps
Home loan interest rates: Following the RBI's repo rate cut to 5.50%, four major public sector banks, including PNB, BoB, Indian Bank, and BOI, have reduced their home loan interest rates. These revisions, effective in early June 2025, lower the Repo Linked Lending Rates (RLLR) by 50 basis points.
Rs 7.71 lakh savings on Rs 50 lakh home loan: Check how much you will save after RBI’s 50 bps repo rate cut
If you go for EMI reduction after interest rate reduction, it doesn't only lower your monthly outgo by reducing your EMI, it could also slash your total interest by several lakhs. However, your actual savings depend on whether you reduce your EMI or keep it constant and shorten the loan tenure.
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The Governor’s gambit: A double order of a big beautiful cut
The new RBI Governor has adopted an aggressive approach, signaling a departure from incremental measures with a significant rate cut and CRR reduction. This bold move aims to achieve sustainable 8% growth, prioritizing market impact over gradual adjustments. The strategy seeks to influence inflation expectations by delivering impactful changes, potentially causing market volatility but ultimately driving desired economic outcomes.
Crorepati house! EMIs on Rs 1 crore home loan may drop to Rs 68,000 after RBI’s 50 bps rate cut
The Reserve Bank of India's significant 50 bps repo rate cut to 5.5% in June 2025 is poised to boost India's housing market by lowering home loan EMIs. This move, coupled with a CRR reduction, injects liquidity into the banking system, potentially making homeownership more accessible, especially in the affordable and mid-income segments and Tier 2 & 3 cities.
RBI's 50 bps rate cut surprise: Two economists who beat the crowd are back with another call
RBI rate cut: Soumya Kanti Ghosh and Debopam Chaudhuri foresee more rate cuts. This contrasts with most experts anticipating the end of easing. Chaudhuri expects additional cuts through FY26, aligning with the US Federal Reserve. He anticipates a 25 bps cut in October 2025 and February 2026. This would bring the repo rate to 5%, contingent on inflation staying below 4%.
RBI's next interest rate cut action likely in December
Reserve Bank of India may keep interest rates steady in August. However, further reduction is expected later this year. This follows a larger-than-expected cut aimed at boosting economic growth. Most institutions anticipate a rate cut in either October or December. The central bank will also lower the cash reserve ratio to inject liquidity. These measures surprised the markets.
Here’s how you can save on interest after RBI’s repo rate cut
Banks like Canara or UCO have already cut rates to 7.75%, but some private banks may take a few months to pass on the full benefit, so check with your lender. With reduced EMIs, you can use the extra money for daily expenses, savings, or paying off your loan faster to save more interest.
Should investors move from long-term to short-term debt funds after RBI's rate cut?
Fund managers advise investors to consider shifting from long-term to shorter-term bond funds. This comes after strong gains in long-term debt funds. The Reserve Bank of India is expected to pause rate cuts. Experts suggest focusing on accrual-based strategies. Floating rate funds are also recommended. Investors should lower their return expectations.
How will RBI's rate cut impact bank profits and interest rates?
Following the RBI's policy measures, banks are poised to benefit from increased liquidity. This influx allows for strategic deployment into credit or securities, boosting interest income while anticipated deposit rate cuts lower funding costs. Consequently, net interest income and profit margins are expected to improve, with NIM pressure potentially bottoming out by the end of the September quarter.
Surprise! Surprise! Cut worth the wait
Reserve Bank of India has reduced the repo rate to 5.5%. This is the third reduction since February. The aim is to revive borrowing and investment. The rate cut signals that the battle with inflation is done. The Monetary Policy Committee hopes for growth revival. Government tax measures and salary hikes should boost consumption.
RBI’s unexpectedly deep rate cut and the road ahead
The RBI’s sharper-than-expected 50 bps rate cut and 100 bps CRR reduction aim to boost credit growth and economic activity amid subdued inflation. With a shift to a neutral stance, the central bank signals flexibility to either pause or ease further depending on future data, offering tactical opportunities across rate-sensitive sectors.
Rate cut cycle likely over now, policy to stay data-driven: Union Bank of India
Union Bank of India's report suggests the RBI's recent actions signal the end of the interest rate cutting cycle, projecting a terminal repo rate of 5.50 per cent. The RBI's "stealth easing," including rate cuts and liquidity measures, aims to boost credit growth, though the impact may take several quarters to materialize.
PNB cuts lending rate in line with RBI policy
Following a significant 50 basis points repo rate cut by the RBI, Punjab National Bank has reduced its lending rates by up to 50 basis points, effective June 9, 2025. This move aims to make EMIs more affordable for both existing and new borrowers, with home loan rates starting from 7.45% and vehicle loans from 7.8% per annum.
Fed should cut interest rate by a full point, Trump says
The U.S. Federal Reserve should cut interest rates by a full percentage point, President Donald Trump said on Friday as he reiterated his view that Fed Chair Jerome Powell has been too slow to lower borrowing costs.
RBI's 'bold' 50 bps cut to reduce interest rates, improve credit access: India Inc
Reserve Bank of India reduced the interest rates. This move aims to boost economic growth amidst global challenges. The central bank also lowered the cash reserve ratio. This will increase liquidity in the banking system. The rate cut should encourage borrowing and investment. Experts believe this will support consumption and credit demand. The RBI expects economic growth at 6.5 percent.
RBI MPC opts for a 'jumbo' rate cut to bring repo rate down to 5.5%, switches to neutral gear
RBI MPC 2025 Repo Rate Change: The Reserve Bank of India's Monetary Policy Committee (MPC) reduced the repo rate for the third consecutive time this year, led by Governor Sanjay Malhotra. The decision, made on May 5, 2025, follows previous 25-bps cuts in February and April, driven by a decline in retail inflation to 3.16% in April, prompting banks to lower lending rates.
Big savings for home loan borrowers as EMIs to fall significantly after RBI cuts repo rate by 50 bps
RBI repo rate cut: The Reserve Bank of India has cut the repo rate by 50 bps in today's monetary policy announcement. With the latest rate cut, home loan EMIs or tenure will decrease further. This will result in the big savings on the interest paid on home loan for borrowers.
Deepest RBI cut in five years will take deposit rates lower
Reserve Bank of India's rate cut of 50 basis points is set to decrease deposit rates. Banks have already begun lowering deposit rates. Since February, most banks have reduced deposit rates by 40 basis points. The rate cuts will take six to nine months to fully materialize.
What should FD investors do now? RBI cuts repo rate by 50 bps, interest rates will fall further
RBI repo rate cut by 50 bps: The RBI has cut the repo rate and other key rates by 50 bps in today's monetary policy announcement. The latest rate cut brings bad news for fixed deposit investors as banks will cut FD interest rates. How can FD investors still earn higher interest rate?
RBI’s surprise 50 bps rate cut seen reviving real estate demand. Here's what it means for property investors
In a move expected to unlock a fresh wave of housing demand, the Reserve Bank of India on Friday slashed the repo rate by 50 basis points to 5.5%, marking the third straight rate cut under Governor Sanjay Malhotra.
Nilesh Shah praises RBI’s bold rate cut, says even Trump may urge Fed to follow
The Reserve Bank of India (RBI) surprised markets with a significant 50 basis point repo rate cut to 5.50% and a 100 basis point CRR reduction. Nilesh Shah believes this bold move will positively impact bond and equity markets, even suggesting the U.S. Federal Reserve might follow suit.
RBI repo rate cut is like BrahMos and Akash activated together: CIO says Rs 2.5 lakh crore liquidity push feels like a missile strike
The Reserve Bank of India (RBI) has significantly eased monetary policy by reducing the Cash Reserve Ratio (CRR) by 100 basis points to 3% and the repo rate by 50 basis points to 5.5%. These coordinated measures are set to inject over ₹2.
RBI MPC meeting: Focus shifts to price stability as Sanjay Malhotra decodes India growth scene
Price stability fosters consumption and equitable growth, Sanjay Malhotra said. Supportive policies are vital, especially during uncertainties, he added. Monetary policy supports growth while maintaining price stability, he further said.
Realtors' bodies Credai, Naredco expect at least 25 bps cut in repo rate to boost housing demand
Real estate bodies CREDAI and Naredco anticipate a repo rate reduction by the RBI, expecting it to stimulate housing demand. They highlight that previous rate cuts have already boosted housing loan growth. Industry leaders believe a further rate cut would enhance affordability, encourage homebuyers, and spur overall economic growth by positively impacting linked sectors.
RBI expected to deliver 3rd consecutive rate cut of 25 bps on Friday, say experts
The Reserve Bank of India (RBI) is anticipated to cut the repo rate by 25 basis points for the third consecutive time, aiming to stimulate growth amid global economic uncertainties. With inflation remaining below the 4% target, the Monetary Policy Committee (MPC) is expected to ease monetary policy.
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