REPO LINKED LENDING RATE
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.
Home loan EMIs continue to fall: 7 banks cut home loan interest rates after RBI cut repo rate in June
Following the Reserve Bank of India's repo rate cut in June 2025, several major banks, including SBI, Union Bank, and Bank of Baroda, have reduced their lending rates. This move lowers home loan interest rates for borrowers with floating rate loans linked to the repo rate.
Lending yields set to shrink in FY26 as banks play it safe
Mumbai banks anticipate lower lending yields this fiscal year. Caution in unsecured loans and slower retail growth contribute. Policy rate cuts also play a role. Analysts predict a yield drop to 8.6%. Net interest margins may contract. Repricing of loans linked to external benchmarks will impact private banks. Deposit repricing lags will further squeeze margins.
Latest loan rates in June 2025: SBI vs HDFC vs Canara vs BoB vs PNB -which bank offers the lowest rates?
In June 2025, several major banks will revise their MCLR. HDFC Bank, Canara Bank, and Bank of Baroda will announce rate reductions. This will provide borrowers with some relief. State Bank of India and Punjab National Bank will keep their MCLRs unchanged. These revisions will potentially impact EMIs and loan tenures. Borrowers should review the new rates.
What do RBI’s monetary policy stances mean? How do they affect the economy
If you are confused by personal finance terms, jargon and calculations, here’s +a series to simplify and deconstruct these for you. In the 55th part of this series, Riju Mehta explains the meaning of stances adopted by the RBI’s monetary policy committee at its bi-monthly meet.
Fuelling Growth: PSU banks told to boost credit to crucial sectors
The government is encouraging state-run banks to increase lending to productive sectors, particularly MSMEs, through targeted Mudra financing and identification of high-employment clusters. Loan melas are planned for retail customers, following the RBI's recent rate cut to boost private sector investment. The government is also finalizing the Grameen Credit Score to improve credit access for SHGs and the rural population.
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SBI Amrit Vrishti FD: SBI revises special FD interest rates from June 15, 2025
State Bank of India has revised its "Amrit Vrishti" fixed deposit scheme, effective June 15, 2025, reducing the interest rate on 444-day tenures. Last week, most banks including ICICI Bank, HDFC Bank and Canara Bank reduced their fixed deposit interest rates after the Reserve Bank of India cut the repo rate by 50 basis points (bps) in its June monetary policy meeting.
Public vs private banks: Which of these offers the cheapest home loans now after RBI's 50 bps repo rate cut?
Good news for home loan borrowers as Reserve Bank of India cuts repo rate. This move lowers home loan interest rates. Borrowers can expect reduced EMIs or shorter loan tenures. Many banks are revising their lending rates. Public and private sector banks offer varied interest rates. Borrowers should compare fees and processing times before deciding.
SBI cuts lending rates after RBI repo rate revision: Check latest interest rates
Following the RBI's repo rate cut, SBI has reduced its key lending rates by up to 0.50%, effective June 15, 2025. The External Benchmark Rate (EBR) is lowered to 8.15%. Consequently, SBI home loan interest rates now range from 7.50% to 8.45% based on the borrower's CIBIL score.
Highest FD interest rate of 7.85% for senior citizens: This bank revises FD interest rates after RBI repo rate cut
YES Bank has announced changes to its fixed deposit interest rates. The revision affects deposits below Rs 3 crore. These changes follow the Reserve Bank of India's repo rate cut. General citizens can now earn between 3.25% and 7.10%.
Bank of Maharashtra slashes retail loan rate by up to 50 bps
Bank of Maharashtra has reduced its retail loan interest rates by up to 50 basis points, effective June 10, with home loans starting at 7.35% and car loans at 7.7%. This move follows the RBI's recent rate moderation. Bank of Baroda also cut its MCLR by 5 basis points across various tenors.
Home loan EMIs to fall: Canara Bank, Union Bank, Indian Overseas Bank cut lending rates after RBI repo rate cut
Following the Reserve Bank of India's repo rate cut, Canara Bank, Union Bank of India, and Indian Overseas Bank have reduced their Repo Linked Lending Rates (RLLR), offering relief to home loan borrowers.
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.
India's rising household debts are not worrisome: SBI report
It said India's household debt is manageable and not worrisome at all, as two-thirds of the portfolio is of prime and above credit quality and the rise is attributed to a growing number of borrowers rather than an increase in average indebtedness.
India slashes interest rates, but who will borrow?
The Reserve Bank of India is aggressively easing monetary policy to boost consumption and investment amid global uncertainty. The RBI cut key rates and the cash reserve ratio, hoping banks will increase lending to SMEs, complementing a rural income boost from a strong monsoon. The success hinges on banks' willingness to lend and companies' appetite for debt in the current economic climate.
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.
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.
As deposit rates fall, banks turn to innovation to woo savers and stay competitive
With interest rates declining, banks face the challenge of attracting deposits. Experts suggest innovative products like fixed deposit-linked credit cards and sweep-in deposits are crucial. Younger savers are shifting to capital market products, while senior citizens favour government schemes. Banks are already adapting, but further rate cuts will necessitate more competitive offerings to retain depositors.
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.
Banks begin slashing lending rates after RBI's rate cut; home, small business loans to get cheaper
Following the Reserve Bank of India's repo rate cut, banks like Bank of Baroda and Punjab National Bank have lowered their repo-linked lending rates by 50 basis points, benefiting home loan borrowers and small businesses. Bank of Baroda's RLLR is now 8.15%, while PNB's is 8.35%.
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.
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.
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 2025-26 Key Takeaways: Check what Sanjay Malhotra announced today
The Reserve Bank of India (RBI) has reduced its policy rate by 50 basis points, the third cut since February 2025, bringing the repo rate to 5.5%. Citing global economic uncertainties and below-target inflation, the MPC aims to boost domestic growth. The RBI also lowered the Cash Reserve Ratio (CRR) to 3% and projects a GDP growth of 6.5%
Private banks more quicker in passing on rate revisions
Private sector banks charge higher spreads on loans compared to public sector banks, ranging from 40 to 200 basis points more, according to recent RBI data. Despite this, private banks demonstrated more effective transmission of policy rates during a period of tight liquidity. The RBI is considering new guidelines to improve policy rate transmission, potentially announced Friday.
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.
NBFCs' rate transmission to end users weaker than banks: RBI
RBI's annual report released on Thursday shows that transmission of policy rate to end borrowers is the lowest by non-banking finance companies (NBFCs) as compared with banks and an attempt to link finance companies' lending rates to policy rates was "not found feasible at this juncture."
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