RBI’s rate cut leads to drop in home loan rates, bringing greater relief to existing borrowers

RBI’s rate cut leads to drop in home loan rates, bringing greater relief to existing borrowers

by | Jun 9, 2025 | Bank of Baroda, Bank of Maharashtra, HDFC Bank, Punjab National Bank, RBI, UCO Bank, Union Bank of India

Following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 50 basis points, several major public sector banks have reduced their lending rates. The move aims to stimulate credit growth and support economic activity amid ongoing challenges. Bank...
RBI’s rate cut leads to drop in home loan rates, bringing greater relief to existing borrowers

Public Sector Banks Take the Lead: Home Loans Drop Below 8% as RBI Rate Cut Boosts Access to Affordable Housing

by | May 14, 2025 | Axis bank, Bank of Maharashtra, Canara Bank, HDFC Bank, ICICI Bank, RBI, Union Bank of India

The Reserve Bank of India (RBI) has mandated that all retail floating-rate loans, including home loans, be linked to an external benchmark, typically the RBI’s repo rate, since October 1, 2019. This means that when the RBI reduces the repo rate, banks are...

The Reserve Bank of India (RBI) has slapped penalties on five major banks, including ICICI Bank, Bank of Baroda, Axis Bank, and two others.

by | May 3, 2025 | Axis bank, Bank of Baroda, Bank of Maharashtra, Central Bank of India, ICICI Bank, IDBI Bank, RBI

The Reserve Bank of India (RBI) has imposed penalties on five major banks, including ICICI Bank, Bank of Baroda, Axis Bank, IDBI Bank, and Bank of Maharashtra, for non-compliance with various regulatory directions. The penalties, ranging from ₹29.60 lakh to ₹97.80...