A- A A+
Last Updated : Nov 21 2019 9:22PM     Screen Reader Access
News Highlights
CAG should be catalyst of good governance, says PM Modi            Different factors responsible for air pollution in various cities: Javadekar            Two lakh Gram Panchayats to be connected with internet, broadband by March 2020            India seeks consular access to its 2 nationals arrested by Pakistan            Hitech multimedia exhibition inaugurated at IFFI           

Business News

Aug 08, 2019
1:40PM

Loans to get cheaper as RBI cuts repo rates

PTI
Loans are set to get cheaper as Reserve Bank of India cut repo rate by 35 basis points to 5.40 per cent yesterday. 

The move is said to give a fillip to the economy. This was the fourth consecutive time that the Monetary Policy Committee reduced the rates. 

Consequently, the reverse repo rate under the liquidity adjustment facility stands revised to 5.15 per cent, and the marginal standing facility rate and the Bank Rate to 5.65 per cent.

Within hours of the steep reduction in the repo rates, country’s largest lender, State Bank of India announced a 15 basis points reduction in its lending rates. 

The SBI, in a statement, said, the new rates of 8.25 per cent will be effective from 10th of this month. After this cut, SBI home loans have become cheaper by 35 bps since April. 

The bank is offering a repo linked home loans from 1st July this year.
 

Live Twitter Feed

Listen News

Morning News 21 (Nov) Midday News 21 (Nov) News at Nine 21 (Nov) Hourly 21 (Nov) (2000hrs)
समाचार प्रभात 21 (Nov) दोपहर समाचार 21 (Nov) समाचार संध्या 21 (Nov) प्रति घंटा समाचार 21 (Nov) (1900hrs)
Khabarnama (Mor) 21 (Nov) Khabrein(Day) 21 (Nov) Khabrein(Eve) 20 (Nov)
Aaj Savere 21 (Nov) Parikrama 21 (Nov)

Listen Programs

Market Mantra 21 (Nov) Samayki 21 (Nov) Sports Scan 21 (Nov) Spotlight/News Analysis 21 (Nov) Samachar Darshan 20 (Nov) Radio Newsreel 21 (Nov)
    Public Speak

    Country wide 21 (Nov) Surkhiyon Mein 7 (Nov) Charcha Ka Vishai Ha 20 (Nov) Vaad-Samvaad 19 (Nov) Money Talk 19 (Nov) Current Affairs 15 (Nov)