Following RBI’s rate cut, major banks slash savings account interest rates, with SBI plunging to 2.5% and HDFC, ICICI reducing to 2.75%.

Following RBI’s rate cut, major banks slash savings account interest rates, with SBI plunging to 2.5% and HDFC, ICICI reducing to 2.75%.

Major banks in India, including State Bank of India (SBI), HDFC Bank, and ICICI Bank, have reduced their interest rates on savings accounts following a 50 basis point repo rate cut by the Reserve Bank of India (RBI) in June 2025. The cumulative rate cut for this year...
What that translates to for your finances

What that translates to for your finances

The Federal Reserve has announced that it will leave interest rates unchanged, despite demands from President Donald Trump to lower the key borrowing rate benchmark. The decision comes as the economy is experiencing uncertainty, particularly with regard to tariffs and...