A boost to the masses, four major government-backed banks slash interest rates, bringing welcome respite to the common folk.

A boost to the masses, four major government-backed banks slash interest rates, bringing welcome respite to the common folk.

by | Apr 12, 2025 | Central Bank of India, Indian Bank, Punjab National Bank, RBI, UCO Bank

The Reserve Bank of India (RBI) has cut interest rates for the second consecutive time, and as a result, four government banks have reduced their interest rates. The affected banks include Punjab National Bank, Bank of India, Indian Bank, and UCO Bank. This decision...
India’s central bank is expected to slash the repo rate on April 9, potentially driving home loan rates down to record lows of under 8%.

India’s central bank is expected to slash the repo rate on April 9, potentially driving home loan rates down to record lows of under 8%.

by | Apr 8, 2025 | Axis bank, Banking, Central Bank of India, HDFC Bank, ICICI Bank, Indian Overseas Bank, Punjab National Bank, RBI, Union Bank of India

The Reserve Bank of India (RBI) is set to announce its first monetary policy for the financial year 2025-26 on April 9, with markets and economists expecting a repo rate reduction of at least 25 basis points. This could lead to a decrease in home loan interest rates,...