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India’s demand constrained economy can expect a gush of liquidity, thanks to the central bank’s loose-money policy settings.
Starting June 10, borrowers can expect slightly lower interest rates on loans like home and personal loans.
Mumbai, June 8 (IANS): Several major banks, including Punjab National Bank (PNB), Bank of India and UCO Bank, have slashed ...
RBI reduced the repo rate to 5.5% and also changed its policy stance from 'accommodative' to 'neutral', suggesting that it ...
This move will make borrowing cheaper, which can encourage more people to take loans for homes, cars, or businesses.
In addition to the repo rate cut, the RBI also reduced the Cash Reserve Ratio (CRR) by 100 basis points, from 4 per cent to 3 ...
Bank of Baroda has reduced its Repo Linked Lending Rate by 50 basis points following RBI's policy rate cut, making loans more ...