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Canara Bank, PNB, Union Bank, and other lenders have trimmed their repo-linked lending rates, leading to lower EMI outlays for home loan borrowers.

The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 6.25%, its first rate cut in almost two years. In response, several major banks, including Canara Bank, PNB, Union Bank of India, and Bank of Baroda, have cut their repo-linked lending...

Bank of Baroda expects the RBI to slash interest rates by another 50 basis points in 2025, with a potential shift towards an accommodative monetary policy stance.

According to a report by Bank of Baroda, the Reserve Bank of India (RBI) may cut interest rates by 50 basis points (bps) in 2023, which would make its monetary policy stance more accommodative. This forecast is based on the RBI’s trend of cutting interest rates...