MUMBAI: HDFC Bank, India’s largest private sector lender, has cut interest rates on savings accounts by 25 basis points to 2.75% to bring down its cost of funds and protect margins following the 25 basis point cut in the repo rate by RBI. For balances above Rs 50 lakh, the rate now stands at 3.25%,…
Various small finance banks are currently providing competitive interest rates on fixed deposits. (AI image) Latest Bank Fixed Deposit Interest Rates: The Reserve Bank of India (RBI) announced a 25 basis points repo rate cut in February 2025. Following this decision, numerous fixed deposit investors are seeking FD schemes with maximum interest returns. At present,…
Mumbai: Reserve Bank of India on Friday cut the repo rate by 25 basis points, ending the longest pause in the history of the monetary policy framework, a move which is expected to make loans cheaper. Announcing the decision, Sanjay Malhotra, who took over as the 26th governor of the central bank in Dec, said…
Budget 2025 & RBI MPC impact: A repo rate cut is always good news for home loan borrowers, since EMIs come down. (AI image) Loan EMI calculator after RBI MPC meet: Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced the Monetary Policy Committee’s unanimous decision to cut the key repo rate by…
RBI MPC meet: This is the first time in five years that the RBI’s MPC has decided to cut the repo rate. RBI MPC meet: The Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced that the Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points. After…
